Cash ISAs: The super six

Cash ISAs: The super sixInterest rates on Cash ISAs remain historically low, and with current inflation rates, the true value of your savings may fall.  Despite this, and the introduction of the Personal Savings Allowance, which will mean far fewer people pay tax on their savings interest, Cash ISAs are still a popular way to save. Especially for those people who want to avoid the risks associated with stock market investments or, who are saving for short-term needs. As we approach the end of the tax-year, thoughts often turn to making ...

Savings: ISA deals “worst on record”

Worker with percentage symbolsNew research has shown that savers are heading for “perhaps the worst ISA season on record.” Savers are now well used to poor interest rates on their deposit accounts and Cash ISAs (Individual Savings Accounts), however a new factor seem to be making things worse. As we head to the end of the tax-year and into what is traditionally known as ‘ISA season’, savers would usually expect to see interest rates on Cash ISAs tick upwards, as banks and building societies compete for savers cash. Not this year. Research from Moneyfacts ...

Q & A: Everything you need to know about Help to Buy ISAs

Everything you need to know about Help to Buy ISAsAlmost everyone seems to be in agreement, getting on the housing ladder if you’re a first time buyer is harder than ever. A combination of rising house prices and stricter mortgage lending criteria is making life extremely tough for many first time buyers, even after the launch of various Government incentives, such as Help to Buy. So the news in last week’s Budget that a new Help to Buy ISA (Individual Savings Account) will be launched later in the year is a boost ...

Savings: Two jackpots a month, should you be topping up your Premium Bonds?

gambling fruit machine showing a winning line for payoutPremium Bonds have always been a popular option for savers tempted by the chance of winning the jackpot and tax-free returns on their savings. But ERNIE is changing, from 1st June the maximum amount you can hold in Premium Bonds will increase from £30,000 to £40,000 and from 1st August there will be two £1 million jackpots each month. So should you be tempted to buy Premium Bonds, or top up if you already hold the maximum of £30,000?...