Regional ISA trends highlighted by Halifax report
ISA savers in Epsom and Ewell have the biggest account balances in the country, new figures from Halifax have shown.According to the research, people in the two towns have around £9,340 in their accounts - well up on the national average of just under £7,000.When the Halifax figures were adjusted for average earnings in each area, Christchurch in Dorset was found to have the biggest savers.People from the town put aside £8,565 on average - equivalent to 45 per cent of gross annual earnings.Region by region, Welsh savers were found to save the most and Londoners the least, according to the earnings-adjusted figures.Martin Ellis, chief economist at Halifax, commented: "The level of savings invested in ISAs varies significantly across the country. "Everyone has an annual allowance of £3,600 to place in a cash ISA, which will earn interest free of tax."Little gender difference was found by Halifax among ISA savers, with average balances for men and women just one per cent apart in value.
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