ISA Rates

There are numerous ISAs available in each of the little subcategories of the market so it is vitally important that you remember to compare ISAs as much as possible to not only ensure you get the best rates, but that those rates are going to last.

Range of ISAs and tax free investment options over and above your ISA allowance from Scottish Friendly

Since mini cash ISAs are the most popular form take up by the general public we shall start with those. You should not be enticed when thinking about opening a cash ISA by introductory rates which only last a period of a few months. Remember, you can only open one ISA each tax year so compare cash ISAs now to make sure you get a deal that stays.

With interest rates remaining highly volatile you might want to think about a fixed rated ISA to lock in the best deal for a period of up to three years. So by comparing fixed rate ISAs you can again get a higher savings rate.

Then their are maxi ISAs where you can invest in stocks and shares while also putting some cash aside. You can invest more in total with a maxi ISA but you have to check the proportions of cash you can invest so that you stay legal at all times.

So in general our advice is to compare ISA accounts thoroughly before opening one. Whatever decision you make is one which you will have to live with for a whole year so looking into the details very carefully is important.