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Britons 'lock in strong' £138 savings boost from ISAs but tax raid looms
["Patrick O'Donnell"]
GB News
Savers have earned an extra £138 on average from ISAs ahead of next year's changes to the tax-free allowance, new research from Moneyfactscompare has found.
For example, the average one-year fixed ISA rate has risen to 4.24 per cent, edging past the equivalent non-ISA figure of 4.23 per cent.
Longer-term fixed ISAs have moved even further ahead, reaching 4.27 per cent compared with 4.25 per cent for non-ISA deals.
How have savings rates attached to ISAs changes in the past year?
Ms Eastell noted: "For a saver with £20,000, the average one-year ISA rate would give around £848 in interest over a year, compared with £846 in a non-ISA account.