A new scheme aimed at getting savers to invest in schemes that will help the poor will reward savers with a £200 increase in their ISA investment limits.
A new scheme aimed at getting savers to invest in schemes that will help the poor will reward savers with a £200 increase in their ISA investment limits.
Citigroup have become the latest in a long line of companies to tell the Government that they should cut the rate offered on the new state backed National Savings index-linked certificates.
Net sales of ISAs through investment platforms increased to £1.3billion in April, according to figures from the Investment Management Association (IMA) who noted that it was the biggest April for ISA sales since records began in 2008.
New statistics released this week have proved that the building societies decision to be competitive during ISA season has paid off as money continues to pour in from savers.
The ISA season may now be over but as we look back on a hectic few weeks of trading it’s clear that the ISA savings vehicle is still the most popular choice with investors, most likely for it’s tax free benefits.
Nationwide claims the new savings bonds provide unfair competition for banks and building societies, who feel unable to match the interest rates on offer.
A conservative report has accused major banks of taking advantage of the tax relief offered to customers through the cash ISA savings product, by paying less interest than they would on the equivalent taxable products they offer.

Barratt Homes has launched the UK’s first corporate ISA, which offers a stocks and shares investment with tax-advantaged growth in savings, but where the cash can be accessed at any time. As such, it may appeal to younger workers as a medium-term savings option with easy access to your cash.
It’s that time of year again! With the end of the tax year on 5th April 2010 fast approaching, now is the time to snap up this year’s allowances for tax-free savings in Individual Savings Accounts (ISAs).
With interest rates an a historical all-time low, mortgage holders may be smiling, but many savers are hurting, as they face a negligible return on investment of their hard-earned cash. The Bank of England base rate has been 0.5% since March 2009, and many savings accounts are currently paying interest of just 1%, or even [...]
















