Tuesday, 12 June 2012

RANDOM MONEY-SAVING TIP NUMBER 9

ISA, ISA, ISA!
Move your ISA (Individual Savings Account) every year – not got an ISA? If you're a taxpayer you should have! 
All interest is paid tax free and you can invest up to £5640 into a cash ISA each financial year (2012/13). 
Most interest rates on savings accounts are now made up of a base rate and a "bonus" rate which after one year is dropped - so if you do have an ISA and you've had it for over a year chances are your money is languishing in your bank's coffers at a really pathetic rate of interest - sometimes under half of one percent!
Check out some of the best cash ISA accounts HERE.

Catch up with all the Random Money-Saving Tips so far...

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