ISAs

Angela Eagle MP, Exchequer Secretary to the Treasury, today reminded savers of the reforms to ISAs (Individual Savings Accounts), which will take effect from Sunday 6 April 2008.

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk – the money search engine, comments on this year’s findings: “This year’s moneyfacts.co.uk mini cash ISA survey shows the projected value of £3,000 over the tax year 2007 to 2008.

Halifax Financial Services stocks and shares ISA customers that invest £4000 will save on average £171.25 in upfront charges, compared to other banks.

Savers can lock their Individual Savings Account (ISA) into a market leading rate of 6.26% as Skipton Building Society launches its Fixed Rate Cash ISA.

New research from Barclays Stockbrokers reveals that whilst the majority of ISA investors are reacting to recent market volatility with increased caution, they have not been deterred from investing in the stockmarket completely.

Alliance & Leicester’s Premier ISA Issue 2 paying 10% pa gross/AER, which is offered to new customers opening an Alliance & Leicester Premier current account, will only be available for another twenty days – offer ends Sunday 20 April 2008.

Leeds Building Society’s Inflation Buster Bonds have proved so popular with customers looking for a real return the Society has launched another tax-free version. The Inflation Buster ISA is guaranteed to beat inflation by 2.00%.

Leeds Building Society has launched a new 1-Year Bonus Tracker ISA that is guaranteed to match Bank of England Base Rate plus 0.75% (currently 6.00% gross/AER).

When it comes to making investment decisions, more than half of ISA investors (58%) like to make their own and over one in ten (12%) would like to be more involved than they currently are, according to research from Barclays Stockbrokers.

From Sunday 6 April, Coventry Building Society will be offering a new competitive fixed rate cash ISA, paying 6.00%, tax free, until 31 May 2009.

Investors have only a few days left to use up their tax-efficient ISA allowance with financial services provider, Alliance Trust Savings.

Men are putting more cash into savings accounts than women, according to new research from Yorkshire Building Society.

Britons may be losing nearly £4.3 billion interest by delaying using their yearly ISA allowance until April 2009, according to research conducted by Abbey Savings.

Despite current stock market volatility, this week is still expected to be the busiest of the year for ISA sales.

Three-quarters of people are unaware of the changes to ISAs which come into force next month, according to research from Nationwide Building Society.