Let’s compare cash ISAs
If you’re in the habit of stashing your cash under the mattress so that the taxman can’t get to it – stop. Invest in a cash ISA (individual savings account) or a lifetime ISA instead; you’ll earn interest on your savings and it’ll be a lot more comfortable than sleeping on a lumpy bed.
Cash ISAs are essentially tax free savings accounts. Everyone has a personal allowance that they can invest in an ISA, and for the tax year 2017/2018 it’s £20,000; the interest you get will depend on the ISA you choose.
You may be able to open one with just £1 – others might want larger deposits and some, like Help to Buy ISAs, have set eligibility criteria (but you do get government contributions to help you buy a home).
To find the ISA rates to suit you, you need to compare cash ISAs – and where better to start than right here, right now – let’s compare…