skip to main content
26th
Feb 2013
/

ISA Season 2012/13 - Not All Doom and Gloom

Difficult times for savers?

If you've had a look at any of the papers recently, you'll probably have noticed a general aura of doom emanating from the finance pages when it comes to ISA rates leading up to 5th April 2013. Martin Lewis of Moneysavingexpert.com has even questioned whether they'll be an ISA season at all this year, and in some ways he's got a point.

Usually, by this point in the tax year, banks, building societies and other ISA providers are practically fighting each other to offer the best rates and attract new customers desperate for somewhere to stash their cash before the 5th April deadline.

Subdued ISA season

However, this year it's been decidedly quiet, with even the best instant access rates on offer barely breaking the 2.5% mark, in comparison to offerings of up to 3.3% this time last year. And that's just the cash ISAs - fixed rates, traditionally a mainstay of reasonable returns for the longer term saver, are at a historical low, too.

Structured deposits offer an alternative

An alternative to fixed rate bonds, that's likely to be popular with savers willing to take a bit more risk this season, are structured deposit schemes. These savings vehicles offer the chance to expose your money to the stock market (and benefit from any rise) while protecting your initial deposit under the FSCS capital protection scheme up to £85,000. Currently, structured deposit plans are offering potential returns of up to 7% per year.

Get a head start and look to the future

While this may not be the greatest ISA season on record in terms of rates on offer, that's no reason not to hunt for the best deal you can find. For most of us, savings and investments are best viewed over the longer term. As Merryn Somerset Webb of Moneyweek points out, perhaps the entire concept of 'ISA season' is a fallacy. After all, according to Webb: "If we all invested regularly - every month by direct debit - or if we didn't all leave things to the last minute, there would be no need for it."* The take-home message is that if you don't use your ISA allowance, you will lose it. Even though rates aren't at their best right now; it's still worth using your allowance and taking advantage of the associated tax benefits.

*Source: Prospect

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

How much can I pay into an ISA?

21st March 2019

Each tax year, there's a limit set by the government to the amount you can save and invest in ISAs: your “annual ISA allowance”. The allowances are intended to reward savers and encourage us to invest more to support our future retirements, without creating a tax haven that can be taken advantage of by very wealthy individuals who just want to avoid paying tax.

Newsletter Signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

About us

ISA.co.uk is a trading style of Fair Investment Company.

We've been comparing and recommending ISAs for many years so you can trust you're in good hands.

About us

4.91 Average

22 Reviews

Jen

I found the way the different options are presented very clear - much more useful than some other comparison sites. I sent it to my daughter as well.

Paul

Very informative, find myself a good ISA account with best return in terms of interest.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Rob Holden

The website was very useful and informative.

Andrew Johnson

ISA can be confusing at first and this site includes a useful and helpful introduction into the world of ISAs

Crowd2Fund

Excellent website - clear and helpful information about different products - and a trustworthy partner.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Steve

Really simple to use and all the information was clear with lots of products available. The interest calculator was really handy too. Have bookmarked and will definitely use again.

Hannah Gordon

This was a really user-friendly site, and was very helpful when it came to comparing accounts and choosing my 2016 ISA.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Anonymous

If you wish to invest in an ISA this site has it all. A super comprehensive range of simply explained products from all the major companies.

Cristina Iacob

Very knowledgeble company with an extensive range of services, a great website with loads of useful information.

Anonymous

Nice graphics and easy to navigate

Dr Alan Rogan BSc PhD FCIOB FCABE Eur Ing

Good advice and professional approach

Razvan

Very helpful for getting my annual ISA

Jonny Doulton

Clear, concise and very professional outfit with an excellent choice of market leading deals.

Paul Tissington

ISA.co.uk not only helped narrow down my choices for a Junior ISA but also provided additional practical information that helped demystify the whole process.

Sunil Karadia

Just the site I needed, I have been looking for a suitable ISA for a while, but as there are so many to choose from, find it difficult to find the right one for me.

James Weatheritt

I found the information on ISA.co.uk very helpful and easy to understand. The site is easy to navigate and find what you're looking for.

Lisa Holden

I found ISA.co.uk very insightful and easy to navigate through. The content was useful and helped me make my ISA decision.

Neta Pourhosseini

I thought the information provided was easy to understand and very informative, I would recommend to friends for deffinite.