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A lost decade for starved Cash Isa savers after inflation outstrips low interest rates interest By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 26 January 2021 | Updated: 22:00 GMT, 26 January 2021 Cash Isas have failed to deliver over the past decade as low rates have left savings to be eaten away … Read more
My father used to ‘play the stock market’. He folded the profits from his small business in the 1970s into company shares, some of which came as recommendations from his stockbroker, over the bakelite telephone with a twisted brown cord. He added to this substantially with the big privatisations of the 1980s, and left a … Read more
Big Issue-backed Junior Isa from the Big Exchange is launched with a promise to back companies doing good for the planet and society The Junior Isa promises to invest children’s savings only into companies proven to be helping the planet and society The account must be opened and managed by a parent or guardian on … Read more
The first in a series of articles investigating growth sectors, developing technologies and niche themes that adventurous private investors can back in their Isas – and how they might do so. It doesn’t take a genius to work out that many companies in the green energy and infrastructure sectors will thrive in the coming years. … Read more
Child savers are missing out on £3 million a year after High Street banks took the axe to Junior Isa rates. Families poured about £555 million into cash Junior Isas (Jisas) last year. But the average rate is now down to 1.91 per cent from 2.46 per cent in January, according to data firm Moneyfacts. … Read more
In recent months, whenever I go to refresh the This is Money five best cash Isas guide while working from home, I put my head in my hands. Rates haven’t just fallen off a cliff – they’ve somersaulted into the Mariana Trench, and are sinking so fast, it’s hard to see them bobbing back anytime … Read more
Some of Britain’s biggest banks have slashed the returns on children’s savings accounts just months after the Chancellor handed parents a boost to the tax-free Junior Isa allowance. Halifax and Lloyds Bank cut Junior Isa rates from 3 per cent and 2.5 per cent to 2.45 per cent and 1.95 per cent respectively in a … Read more
Marcus looks for an Isa boss as it confirms tax-free savings accounts will launch soon… but only for existing savers Marcus launched a one-year fixed-rate account at the end of March It has previously said it will likely launch new savings accounts It posted a job advert on LinkedIn for an Isa operations team leader, … Read more
The amount of cash poured into Individual Savings Accounts by Britons across the country fell by 6 per cent to an average of £6,049 between the last two tax years, fresh data from HM Revenue & Customs has revealed. For people on an average salary, total adult Isa pots are typically coming in at around … Read more
Three months of brutal cuts to savings rates means the best cash Isa with no strings attached pays just £130 interest a year on the full £20,000 tax-free allowance. And falls in tax-free rates mean the best Isa available anywhere at the moment – a two-year fix – pays less interest than the best easy-access … Read more