Cash ISA savers missing out on billions with low-interest accounts Personal Finance According to Paragon Bank research, millions of savers keep money in Cash ISA accounts paying two per cent or less. Figures from Paragon reveal that £54bn is held in such low-interest Cash ISAs. Cash ISAs remain hugely popular with savers as a low-risk option for their money, with any interest earned free of tax. Around [...]
Should I get an Innovative Finance ISA? Personal Finance Innovative Finance ISAs offer retail investors an alternative to more conventional savings accounts, although some financial advisers are cautious about the risk that comes with these products. IFISAs are designed to include more long-term, less-liquid investments. These can include peer-to-peer loans, crowdfunded debt issued by companies, and bonds issued by charities. As with all ISAs, [...]
Average mortgage ‘shelf-life’ cut in half as lenders raise rates Mortgages The average "shelf-life" of a UK mortgage has nearly halved in a month, new data shows, as lenders raise rates on home loans.