"Money expert Martin Lewis has urged savers to ensure they are getting tax-free returns of nearly five per cent on their money as a key deadline looms. The new financial year begins on 6 April, marking the last date individual savings account (Isa) holders can use their full 20,000 allowance for the year."
"With just four weeks until the crucial deadline, providers have started ramping up the deals on offer to encourage savers to use up their allowances. Several competitive rates are now on offer to maximise savings, up to a maximum of 4.68 per cent nearly one point higher than the current Bank of England base rate of 3.75 per cent."
"This is being offered by Trading 212, which also gives the option to open stocks and shares Isas. Mr Lewis's Money Saving Expert service also points to Money Box, which is offering 4.52 per cent interest, and Virgin Money, at 4.15 per cent. All of these offers are easy access, meaning there is no limit on withdrawals."
As the new financial year approaches on April 6, individual savings account (ISA) holders have approximately four weeks to utilize their full £20,000 annual allowance. Money expert Martin Lewis emphasizes the importance of securing tax-free returns during this critical deadline period. Financial providers are offering increasingly competitive rates to encourage savers to use their allowances. Several providers now offer rates up to 4.68 percent, nearly one percentage point higher than the Bank of England base rate of 3.75 percent. Trading 212 leads with the highest rate and offers stocks and shares ISA options. Money Box provides 4.52 percent interest, while Virgin Money offers 4.15 percent. All these offerings feature easy access terms with no withdrawal restrictions.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]