Best Cash ISA Rates for Last Minute Savers

Britons continue to favour cash over investing despite record low interest rates according to Selftrade. So make sure your savings account is paying the best possible rate

Karen Kwok 7 March, 2017 | 11:31AM

Short of ISA ideas? This week as part of our Guide to ISA Investing we reveal the top rated and top performing stock and fund ideas – as well as sharing where the experts stash their cash, the latest news from the 2017 Budget Report and how to reduce your tax bill.

Britons continue to favour cash over investing despite record low interest rates. Research by Selftrade, the online investment platform, has found that the most popular store of wealth is a current account, with 57% opting to let their savings build up in this way, according to the Missing Millions study.

Taxable savings accounts come in at a close second most popular product at 52%, and cash ISAs are the third most popular option with over a third of people using them for their savings. Many of these products pay little or no interest – failing to beat even the modest inflation rate of 1.8%.

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About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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