Anna Bowes is a regular contributor to the BBC’s Money Box, Breakfast and News programs, as well as the national press, providing expert analysis and commentary on the UK savings market. Anna has worked in the financial services industry for more than 20 years and for most of that time has been helping people to make the most of their savings. |
My favourite pun from this week’s financial press was in the Daily Mirror - "Skates on if you want to dance on ISAs". While it made us all groan, it did remind me that the ISA deadline is fast approaching.
And it would appear that cash ISAs have massively increased in popularity this year, with figures from the Bank of England showing a tenfold increase in the amount deposited compared to this time last year.
🔖 Read: Deposits in cash ISAs increase tenfold
If you are making a last minute dash for your ISA, make sure you know what type of ISA you are opening, as a quick google search could mean that you choose something you were not expecting – or that you wanted!
🔖 Read: Beware of ISA comparison websites
Of course, if it’s a cash ISA you want, why look anywhere other than our best buy tables? We list all the best cash options available and have added in details of what the deadline is if you need to use up this year’s allowance, before it’s lost forever.
🔖 Read: Top 10 cash ISAs for the 2018/19 tax year - use it or lose it
Overall, it's been a pretty quiet week for new best buy launches - but to see if there is anything that you should be considering, take a look at our weekly round-up.
🔖 Read: Rates Rundown: best buy activity slows as providers brace for ISA impact
The ongoing uncertainty and lack of Brexit has, unsurprisingly, caused political drama and sterling volatility. We've asked moneycorp to give us an update.
🔖 Read: Economic Overview from moneycorp - Brexit takes the wind out of the Pound's sails
Finally, from 1st April the Financial Ombudsman Service is increasing the award limit for upheld complaints to £350k.
🔖 Read: Financial Ombudsman Service's award limit to increase from 1 April 2019 to find out what this might mean for you.
That’s it for this week.
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