From Tuesday, the amount savers can invest tax-free in an Isa increases from
£7,200 to £10,200, with the cash allowance increasing from £3,600 to £5,100.
Many savers will look to invest their tax-free allowance at the start of the
tax year and normally we would see providers trying to capitalise on this.
However, as yet this has not materialised.
After seeing a string of best-buy deals withdrawn in recent weeks, the
variable savings market now appears to have stabilised. However, the same
cannot be said for the fixed-rate bond market. Rates have continued to fall,
particularly on shorter term deals, as providers attempt to attract savers
into making a longer-term commitment.
Lloyds …
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