Monday 7th April 2008
Savers depositing money in an independent Savings Account (ISA) could be set for excellent returns on their investment this year, a price comparison sites has claimed.
As of this year the limit which savers can deposit in a cash Isa has been increased to £3,600 - meaning they can enjoy more tax-free savings than had previously been the case.
Moreover, competition for savers' money among banks and building societies means that the average rate offered is one per cent higher than last year, Moneyfacts.com calculates.
These favourable conditions, mean that "there may have never been a better time to invest", according to Kevin Mountfield, head of savings at the site.
He said: "Up to 80 per cent of ISA's are opened in the six weeks before the end of the tax year, but there are lucrative opportunities right now for early birds.
"Rates on cash Isa's are, on average, one per cent higher than this time last year and with market conditions being so strong for savers, there may have never been a better time to invest."
|
Savings
A recent report by BDO Stoy Hayward has revealed that true extent of rising business fraud across the UK. The study has shown an alarming 74% rise over the last six months and signs that worse is... 
.gif)
