Moneysupermarket.com: ISAs still a good option
www.moneynews.co.uk > Banking > Moneysupermarket.com: ISAs still a good option
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Moneysupermarket.com: ISAs still a good option
Wed 25th Feb 2009
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According to the website, savers who have used their tax-free ISA allowance every year for the last ten years will be £2,700 better off in total than those who have used other savings accounts.
This figure increases to £4,800 in total for those who fall into a higher tax bracket.
Kevin Mountford, head of banking at moneysupermarket.com, said: "Inflation is on the way down and cash ISAs are paying around 3.25 per cent, so they are still a very good proposition for savers.
"Saving within an ISA is a no-brainer as the figures suggest - an extra £2,700 over ten years is nothing to be sniffed at."
Recently, NatWest and the Royal Bank of Scotland launched new ISAs which pay interest of up to 3.51 per cent.
Click here for more banking news
Related News : Banking |
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Related News : NatWest |
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