Who provides the best ISA rates?
It's safe to say that in terms of ISA offers, the 2013/14 tax year hasn't got off to a flying start, with savings rates lower now that they have been for some time. In this respect, it is more important than ever to search for the best ISA deal. Here is our selection of some of the best cash ISA and investment ISA offers on the market at the moment:
Getting the most from your money
The cash ISA allowance for 2013/14 is £5,760, and if you don't use it, you lose it, so it's worth taking advantage of this tax-efficient savings opportunity even in the current climate of lower rates.
Our top-paying instant access cash ISA is the Scottish Widows e-ISA, which offers a rate of 1.40% which is competitive in the current market. This account requires a low minimum deposit of just £10, allows transfers in, and can be managed online - so it could provide an easy-to-use home for your cash ISA allowance.
If you're happy to lock away cash in a fixed rate ISA, you can get a higher rate - perhaps not as high as in previous years, but still worth considering if you're looking for a low-risk, straightforward home for your cash ISA allowance. The Aldermore fixed rate cash ISA currently pays 1.85% on minimum opening balances on £1,000, offers the convenience of online account management, and accepts ISA transfers.
Alternatives to fixed rate ISAs
If you'd normally consider putting your cash into a fixed rate ISA, you may want to consider an alternative type of cash ISA, known as a structured deposit ISA. These plans protect your money, with the potential to receive returns linked to the performance of an index such as the FTSE 100.
No news, feature article or comment should be seen as a personal recommendation to invest. If you are in any doubt as to the suitability of a particular investment you should seek independent financial advice. Tax treatment is dependent on your individual circumstances and may change.