Santander: Savers must use best ISA rates now

Santander: Savers must use best ISA rates now
Date of Publication: Monday, 28 March 2011 00:00

A lender has urged savers to use their best ISA rates as soon as possible.

Taking the time to compare savings on the best ISA rates available in the UK sooner rather than later is a good idea for all Britons, a financier has advised.

Santander has urged people to complete early applications for cash ISA products in the coming days in order to make sure they do not miss out on the 2010-11 allowance on the packages before the current tax year ends next week (April 6th 2011).

In addition, the lender has said that applying for 2011-12 accounts from April 1st may also be wise as this could provide peace of mind in relation to savings ahead of the beginning of the new tax period.

Reza Attar-Zadeh, director of savings and investments at Santander, commented: "For any tax paying savers yet to use their allowance we urge them to act fast as any unused allowances are lost forever."

This comes after the Tax Incentivised Savings Association labelled the government's changes to the limit on packages like cash ISAs "disappointing".

By Mark Hornby
Monday, 28 March 2011 00:00
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