Cash ISA

If you're not paying tax on your savings interest, cash ISAs have no benefit – so many should ditch them for higher-paying standard accounts. That's the message from MoneySavingExpert.com founder Martin Lewis in the third episode of the latest series of ITV's The Martin Lewis Money Show Live.

Tesco Bank has upped the interest rate on its easy-access cash ISA, but existing customers can only benefit by opening a new account and transferring over their savings. Here's the situation and some tips for those affected.

Banks may be told to introduce a single interest rate for all savers who've had their accounts for more than 12 months - meaning long-term savers could be given better rates, but shorter-term customers may lose out.

The first cash Lifetime ISA has already proved popular with savers, with thousands opened in the first week of its launch.

Savers will be given easy-to-understand information to help them compare cash savings accounts and easy access cash ISAs under new rules launched today, which will also ensure customers are informed of changes to interest rates.

The new tax year starts today, and while in the past the cheers were for the new ISA allocation, today it's time to pop open the champagne for a huge change that means for all but bigger savers an ISA now holds little point.

A MoneySaving couple from Colchester have told how they became two of the first people in the country to benefit from the Help to Buy ISA scheme after exchanging contracts on a house.

Banks will soon be forced to give savers clearer information about easy access savings account interest rates – something MoneySavingExpert.com has argued for for years – after the financial regulator approved a package of measures to be introduced in December 2016.