Poor ISA sales ‘due to interest rate hikes’

Written by Isa guides

Disappointing ISA sales have been put down to increased interest rates.

Jason Hollands, head of communications for investment firm F&C, believes that three interest rate rises since August have constricted demand for ISA’s as many households are now concentrating on paying their mortgage, rather than investing in savings schemes. …continue reading the story
called Poor ISA sales ‘due to interest rate hikes’

ISA sales fall by 70 per cent in January

Written by Isa guides

Sales of individual savings accounts (ISA’s) fell by 71 per cent during January, prompting concerns that higher interest rates are beginning to affect investments.

Figures released by the Investment Management Association (IMA) show ISA sales of £31.1 million for January, down from £107.1 million the previous month. …continue reading the story
called ISA sales fall by 70 per cent in January