Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Grab a Last Minute ISA Before Tax Year End


News provided by

MoneySupermarket.com

27 Mar, 2013, 14:08 GMT

Share this article

Share toX

Share this article

Share toX

CHESTER, England, March 27, 2013 /PRNewswire/ --

  • Time is running out to take advantage of tax free benefits
  •  MoneySupermarket has seen a rush on applications for tax free savings

With the end of 2012/13 tax year just over a week away, MoneySupermarket.com urges savers who have not taken advantage of this year's ISA allowance to move quickly and  look for the latest deals on offer, or miss out for good, especially if they have existing ISA funds languishing on low rates.

Britain's number one comparison site has seen a 21 per cent increase in the number of people looking for ISAs through its site compared to March 2012. However, unlike in previous years, more people are opting to fix their ISAs rather than take out a variable rate deal*, largely due to the average rates on fixed rate ISAs being higher than those on easy access cash ISA products. The average rates on the top 5 fixed rate ISAs is currently 2.99 per cent, 0.58 percentage points higher than the average rates on the top 5 easy access ISAs, however, you will have to lock your money away for a longer period to take advantage.

Kevin Mountford, head of banking at  MoneySupermarket, said: "It's the final countdown until the end of the current tax year on 5th April, and consumers could still make the most of the tax efficient options for their savings. With a maximum cash ISA allowance of £5,640 available, you'd be throwing money away to the tax man if you didn't take advantage. A number of providers have announced new rates in the last few weeks, and finally we're seeing more competitive rates emerge. Due to falling savings rates, we are now beginning to see more people opting for fixed rate ISAs over easy access cash ISAs. While the rates on these products are more generous, savers need to be prepared to lock the money away as they cannot access it during the term of the bond. For those who cannot afford to lock money away, you can still get rates five times that of base rate on easy access Cash ISAs.

"Although you may not have enough spare cash available to invest in the current tax year, if you have any ISA funds from previous years, it is worth checking the rate you are currently being paid and be prepared to switch those funds to an account that allows transfers of existing ISA funds in. However, if you do this, don't just withdraw the money from your existing ISA as it will lose its tax free status. Instead you need to follow the ISA transfer process which your new provider will help you with, but with time running out until the end of the tax year it is important to make sure this can be done before the deadline.

"Although this tax year isn't quite over, it is also worth planning ahead to the next tax year. Those who invest the full cash allowance at the start of the new tax year will benefit from the tax benefits for the entire year, ensuring you get the best returns on your savings."

For anyone looking for more information on ISAs visit the MoneySupermarket ISA event.

Notes to editors

* Number of people taking out fixed rate ISAs in March 2013 is 49 per cent compared to 35 per cent in March 2012.

    Cash ISAs
    Based on GBP5,640
                        Account
    Provider            (Terms &             Minimum    AER     Bonus    Bonus Period
                        Conditions Apply)    Deposit
    First Trust Bank    Cash ISA             GBP50      2.50%   N/A      N/A
    Cheshire BS         ISA Saver (Issue 1)  GBP1,000   2.50%   2.00%    31/07/2014
    Santander           Direct ISA Saver
                        (Issue 1)            GBP2,500   2.50%   2.00%    12 months
    Tesco Bank          Instant Access Cash
                        ISA                  GBP1       2.30%   0.30%    12 months
    Stafford Railway BS Cash ISA             GBP1       2.25%   N/A      N/A
    HSBC                Premier Variable
                        Rate Cash ISA        GBP1       2.25%   1.98%    12 months

    Fixed ISAs
                        Account
    Provider            (Terms &             Minimum   AER          Notice       Access
                        Conditions Apply)    Deposit 
                                                       3.1%
                                                       Fixed paid                Phone
    Halifax             ISA Saver Fixed      GBP500    anniversary  5 year bond  Branch
                                                       3.05%
                                                       Fixed paid                Phone
    Halifax             ISA Saver Fixed      GBP500    anniversary  4 year bond  Branch
                                                       3%
                                                       Fixed paid                Phone
    Halifax             ISA Saver Fixed      GBP500    anniversary  3 year bond  Branch
                                                       3%
                        123 Exclusive Major            Fixed paid                Phone
    Santander           ISA                  GBP1      yearly       01.05.15     Branch

                                                       2.8%
    Santander           Major ISA 2 Year               Fixed paid                Phone
                        Fixed Rate           GBP1      yearly       01.05.15     Branch

                                                       2.75%                     Online
    Principality BS     5 Year Fixed Rate              Fixed paid                Phone
                        Cash ISA Issue 107   GBP1      anniversary  5 year bond  Branch

    Transfer In ISAs
                        Account
    Provider            (Terms &              Minimum
                        Conditions Apply)     Deposit     AER      Bonus   Bonus Period
    Cheshire BS         ISA Saver (Issue 1)   GBP1,000    2.50%    2.00%   31/07/2014
    Santander           Direct ISA Saver
                        (Issue 1)             GBP2,500    2.50%    2.00%   12 months
    Leeds BS            2 Year Base Rate
                        Tracker ISA Issue 12  GBP1        2.25%    N/A     30.04.15
    HSBC                Premier Variable
                        Rate Cash ISA         GBP1        2.25%    1.98%   12 months
    Harpenden BS        Simply ISA            GBP1        2.25%    N/A     N/A
    Earl Shilton BS     Instant Access Cash
                        ISA                   GBP10       2.20%    N/A     N/A

Sourced by http://www.moneysupermarket.com
21.03.2013


Notes to Editors:

MoneySupermarket.com compares (at 27th Feb 2013)

  • 137 car insurance brands and 98 home insurance brands
  • 15 broadband providers and 20 energy providers   
  • 31 unsecured loan and 5 secured loan providers
  • 62 mortgage lenders and 28 credit card providers
  • 62 savings providers and 37 current account providers.
  • Over 540,000 mobile phone deals

Our customers

We help our customers to save money on all of their household bills by providing a free, easy to use online service so they can compare a wide range of products in one place and find the product most suited to their needs. Our size means we are able to offer our customers exclusive, market-leading deals, including some they can't even get direct from providers.

Our providers

By having considerable volumes of informed customers actively looking for products and ready to purchase, we offer our providers an efficient and cost effective customer acquisition solution across all of our channels. This enables our providers to target their marketing spend in an effective and completely measurable way.

Our revenue comes predominantly from fees paid to us by product providers when a customer clicks through to their website and actually applies for or purchases a product. It is a success based marketing fee.

Our customer commitment

  • We make it easy to find the brands you expect to see
  • We strive to ensure a product cannot be found cheaper by going direct
  • We let you remain in control of your personal data
  • We are independent and impartial
  • We make it easy to switch and save
  • We strive to always show the most competitive product available

For further information contact: 

Paul Lawler
+44(0)787-237-9545 / +44(0)1244-370-317
paul.lawler@moneysupermarket.com

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.