Savers have been advised to take advantage of cash ISA’s offering fixed interest rates of around six per cent, as analysts have predicted that they won’t be on offer for very much longer.
If savers do decide to invest in fixed ISA’s, rates could be secured for up to two years, even if interest rates fall. …continue reading the story
called Savers can take advantage of six per cent ISA’s
The UK’s second largest building society has announced plans to reward loyal members with around £51 million in cash handouts.
Britannia, which is based in Leek, Staffordshire, will be making payments averaging £56 to each of its 900,000 members as part of its annual Britannia Membership Reward (BMR) scheme. …continue reading the story
called Britannia announces rewards boost for ISA investors
Virgin Money offers three types of ISA: the simple cash ISA; a stock market shares (index tracking) ISA; and a bonds and gilts ISA. The main benefit of ISA’s is that it is not necessary to declare ISA investments to the taxman, ensuring they stay tax free - unlike ordinary bank and building savings accounts, for instance, or unit trusts, where tax is paid on interest earned on savings. Unfortunately, the money invested in ISA’s each year by an individual is limited to a £7,000. …continue reading the story
called ISA’s at Virgin Money
If you’re looking to invest your money through an ISA, the forest of options and figures to wade through could seem confusing or even intimidating – so here is a quick guide to what the various types of ISA entail and what they can do for you and your money.
The essence of an ISA is that it allows for investment with tax savings – effectively acting as an umbrella encompassing products which receive benevolent tax treatment. People over 18 can invest up to £7,000 annually (those between 16 and 18 see a limit of £3,000), with this limit set until 2009 amid plenty of clamour for it to be increased. Once you have invested the full amount you cannot put any more in that year, even if you withdraw a certain amount before the 12 months is out. …continue reading the story
called ISA Guide
Nationwide has launched a new fixed rate ISA range.
The building society has announced the new range of fixed rate ISAS which can cover one, two or three years, offering a 5.3 per cent interest rate and can be opened with an investment of between £1 and £3,000.
Annual interest is paid on March 31st and customers are able to see monthly interest, at a rate of 5.15 per cent gross, placed into another account on the final day of each month and on maturity. …continue reading the story
called Nationwide Unveils New ISA
Individual Savings Accounts (ISAs) are renowned for being the tax-free way to save up to £7,000 in a given financial year - and Halifax is one of the high-street banks to offer a well-known set of services which have proved extremely popular with customers.
Its mini cash ISA is its primary offering. Cash ISAs allow the customer to invest in Building Society deposits, UK and European authorised Bank deposits, cash unit trusts or National Savings while Mini ISAs allow customers to invest in just one of these components on an annual basis. …continue reading the story
called ISAs at the Halifax
