Spotlight: Over-fifties ISAs
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.With only a few days to go until the end of the current tax year, Saga has come to the party late with its new cash ISA. From tomorrow, the over-fifties specialist provider will offer a one year fixed rate annual interest ISA paying a tax-free interest rate of 2.95 per cent.
For those who want their income paid monthly, the account will pay a rate of 2.91 per cent a year. As usual, Saga's products are offered to the over-fifties only. But even if you're over 50 and you qualify for this product, it's worth noting that this is not the best rate on the market.
The average cash ISA pays just 2.09 per cent, a sign of the times we are living in to be sure, but the best buys out there, which are open to anyone over 16, are paying just over 3.60 per cent from the likes of Barclays.
Go to moneyfacts.co.uk to find which accounts are paying the best rates across all different types of savings accounts.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments