With just hours to go until the new financial year, the cash Isa season, which usually brings a raft of best buy rates from providers, has failed to materialise, much like the Spring weather. Our savings expert Lee Boyce highlights the best last minute cash Isa deals that late savers can still stash money in and explains why even low rates are worth having.
Building societies make first move with cash Isas for new tax year, but savers are left with the same old sinking feeling
A handful of building societies have announced new cash Isa deals for the 2013/14 tax year, as they look to bag savers looking to fill the £5,760 allowance early. But do any of them beat the current woeful best buys?
Click through latest news features
Their reward for banking failure was a string of lucrative roles, but now the trio at heart of HBOS downfall face exile and infamy
Former chief executives Sir James Crosby and Andy Hornby and former chairman Lord Stevenson of Coddenham - find themselves firmly in the cross-hairs of Parliament's committee on banking standards. If its clarion call to the new City regulator is taken up, the trio could be stripped of the chance ever to work in the financial sector again.
DON'T MISS
- Going on holiday? Beat overseas spending fees Avoid the horror of a bank statement littered with extra fees
- ALEX BRUMMER: HBOS downfall 'a manual for bad banking' Why did it take the FSA so long to get to grips with the events leading to the near collapse of HBOS?
- Are you as smart as a 15-year-old? GCSE students to be tested on their financial skills... but would you pass the test?
- Cash Isas launched for the new tax year But are they any better than what is currently on offer?
- £4.5m pay rise for U.S. boss of Cadbury's Irene Rosenfeld who snubbed MPs: Salary jump to £18.9m works out at 31.5%
- SIMON LAMBERT: The great car valuation con Low ball offers dished out on write-offs can be the most costly of insurers' tricks
- The car depreciation winners and losers Could you really buy a three-year-old executive Volvo at 70% off?
- FUNDS CHIEF: Do investment charges have to be so complicated? The boss of the IMA explains his proposals for clearer fund charges
- 10 steps to become a pension millionaire Skip your daily latte & Ditch the TV channels you never watch
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CITY & MARKETS
FTSE LIVE: Footsie falls further this morning; easyJet and BA shares down. Japan leaps again on
The FTSE 100 suffered another downbeat session today as investors opted to remain on the sidelines ahead of all-important jobs figures in the United States. Having fallen by more than 70 points in its past two sessions, the FTSE 100 slipped another 32.8 points to 6,311.5 on opening as the growing conflict between North and South Korea also threatened to impact on sentiment.
Latest from Markets
- easyJet boosted by last-minute Easter bookings but shares take a dive as fuel costs hit profits
- Record shops to stage High St comeback: 2,500 HMV jobs and 130 stores 'saved in £50m deal'
- FTSE LIVE: Footsie falls further this morning; easyJet and BA shares down
- 30 SECOND GUIDE: CITY BANS
- Heritage Oil shares slump 7% after Ugandan tax ruling
- Barclays moves to boost its cash safety net by issuing £660m of debt
- MARKET REPORT: Bus and rail firm FirstGroup hit by debt grilling
- 'Golden goodbye' of £14m for retiring BG Group boss
- Versace fashions a stake sell-off to fund expansion overseas
- FTSE CLOSE: Eurozone cracks emerge and drags European stock markets lower; BoE holds rates
- Recession winners: Domino's Pizza sees sales boost as more people order take-outs during winter freeze
- 'There's still life in the High Street': Dragon Theo Paphitis on the state of Britain's shops
MONEY NEWS & ADVICE
Coventry BS makes the running with new best-buy cash Isa for the coming tax year - and saving into it will help Poppy Appeal
Britain’s third biggest building society will tomorrow launch the new best buy cash Isa for savers looking to fill their new tax year allowance early. It's Poppy Isa has a 2.6% rate, making it the standalone best buy. ...read
FTSE 250 investors smash the blue chips but can shares and funds keep shining?
The midcap index has romped ahead of its bigger peers in the FTSE 100 - but investors should exercise caution before diving in head first. Mid caps have gained 236 per cent in 10 years compared to a 69 per cent climb on the FTSE 100. So why are the smaller fry beating the big fish and how do the markets compare? We take a look. ...read
Top five cars that hold their value best and five that plummet fastest - and yes, 4x4s clean up again
It's no secret many new 13 motors will lose their value quickly. This is Money alongside Auto Trader reveals the depreciation winners and losers and why for car buyers, a Skoda is no joke.
'There's still life in the High Street': Dragon Theo Paphitis on the state of Britain's shops
Dragon's Den star Theo Paphitis' retail empire spans some 348 stores and the tycoon is still hungry for a deal. He says there is still plenty of spark in Britain's shopkeepers and the failure of some ailing big High St names should have come as no surprise. ...read
Skip your daily latte. Ditch the TV channels you never watch: 10 steps to become a pension millionaire
It's never too late to save for a pension. But it can seem like there is no spare cash to put aside. Here, we’ll show you how to find some. And by cutting your bills, quitting expensive habits, and using your salary wisely, you could build a much healthier pension pot. Start early enough and it could even hit £1 million.
Going on holiday? Don't get stung. Best debit and credit cards to help you avoid overseas fees
Travelling abroad is costly enough without the added horror of returning home to find your bank statement littered with extra fees after using your card overseas. Cut your costs when spending abroad by picking a specialist card with no overseas fees.
ISA ESSENTIALS: MAKE MORE OF YOUR MONEY
Get a cash Isa to boost your savings: Five things you need to know about tax-free saving - and the mistakes to avoid
Savvy savers always need to be on the look-out for the best rates, but how you save matters too and that's why it makes sense to take advantage of a cash Isa. We explain how they work and how to use ohne to get a savings boost. ...read
How to pick the best (and cheapest) DIY investing Isa
Choosing the right Isa wrapper or investing account can boost your investments. We explain how to decide and pick five of the best (and cheapest) available. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever. ...read
YOUR MONEY ESSENTIALS
ASK TONY: Barclays lost my cash - and now the bank is blaming me
I used a Barclays cash machine to withdraw my pension from my Nationwide account. The machine issued me with a receipt, confirming money had been taken from my account, but no cash came out. Since then I have tried unsuccessfully to have the matter resolved. I have even received a phone call from Barclays asking if I walked away and left the money there.
Are you as smart as a 15-year-old? GCSE students to be tested on their financial skills... but would you pass the test?
English schoolchildren will be assessed on financial literacy for the first time from September 2014 to ensure young people have the skills, knowledge and confidence to manage money well. The G.C.S.E-style exam will assess financial knowledge and the ability to solve financial problems.
Could you pass bank ethics challenge? Standards body makes integrity test compulsory for City members - and invites public to have a bash too
The test offers entrants a series of ethical dilemmas, all of which are based on real life examples from the financial sector. Existing and would-be members of the CISI risk being frozen out of the finance industry unless they pass the mandatory test in future. ...read
No more loopholes for insurers to block payouts over a detail that hadn't even been asked for
A new law will bar insurers from rejecting claims when customers fail to declare vital information, for example a GP visit for an unrelated medical issue. A new rule comes into effect on Saturday that puts the onus firmly on insurers to ask clear questions about what they want to know.
MORE BUSINESS, CITY AND ECONOMY NEWS
Barclays moves to boost its cash safety net by issuing £660m of debt
Barclays has moved to boost its cash safety net by issuing £660million of an unusual form of debt that will see it pay four times the interest rate on standard bonds. The measure is likely to raise questions over the lender's ability to sell ordinary debt.
THIS IS MONEY: HOW TO FIX YOUR FINANCES
- Fix your bills and save all year round: how to cut all your costs
- Climb on the ladder: The first-time buyer's guide to getting a mortgage
- How to start saving and track down the best rates
- How to get the cheapest car insurance: The tricks and traps of getting the best deal
- Energy bills: Is it worth switching and which are the best deals?
- Tax-free savings: This is Money's five favourite best buy cash Isas for 2013
WHAT NEXT FOR YOUR MONEY?
When will UK interest rates rise? Hopes rise that triple-dip recession will be averted - but rates to stay stuck at 0.5% for years
We explain the factors that will decide when interest rates rise and how quickly, including the latest forecasts from markets and economists.
Premium Bonds winners
Prize value | Winning bond No. | Area |
---|---|---|
£1,000,000 | 22SF246026 | Inner London |
£100,000 | 191NJ144487 | Leicester |
£100,000 | 190ZK987135 | Leicester |
£100,000 | 8CQ936734 | Oxfordshire |
£100,000 | 154BN808456 | Wales |
£100,000 | 146XD748737 | Dorset |
£50,000 | 88SM244528 | Reading |
£50,000 | 32XB518375 | Kent |
£50,000 | 165PT295305 | Bristol |
£50,000 | 191CJ527538 | Somerset |
£50,000 | 49WP752451 | South Yorkshire |
£50,000 | 100QC663171 | Durham |
£50,000 | 139BM226297 | Lancashire |
£50,000 | 73BM003304 | Gwent |
£50,000 | 192HW932875 | Lincolnshire |
LATEST MONEY COMMENT
- JAMES CONEY: Lloyds' spectacular fob off by failing to investigate complaints thoroughly
- DAN ATKINSON: Look out for Chancellor Balls wielding the axe
- JEFF PRESTRIDGE: Osborne scrapes a pass but he must do better
- SIMON WATKINS: George Osborne's bid for votes won't boost business
- RACHEL RICKARD STRAUS: If we're in a 'global race', Mr Osborne, how will we know when we've won?
- ALEX BRUMMER: Energy supplies risk after Centrica's benign neglect
- BUDGET VERDICT: Is rolling the dice on the property market again wise?
Latest: Mortgages & home
- House prices on a roll as they rise again, while sales are up 10%, says Halifax, as it tips modest increases for 2013
- It's getting CHEAPER to run a home as mortgage payments fall - but soaring energy bills now make up 18% of cost
- Number of tenants in severe arrears surges this year as rising rents and snowballing bills bite
- Homeowners can fight against plummeting savings rates by switching to an offset mortgage
- The next PPI? Company claims tens of thousands are victims of sub-prime and interest-only mortgage mis-selling
- 'It wasn't my fault but it cost us our home': How a blunder over his TV bill cost Richard a mortgage
- Five-year mortgage fixes hit a record low after Yorkshire BS cuts interest rate
- Reveal how you'll repay homeloan, existing interest-only mortgage borrowers are told
- Landlords facing 120% mortgage payment hike as Bank of Ireland tears up their trackers, but watchdog says it can't help
Latest from Saving & banking
- Coventry BS makes the running with new best-buy cash Isa for the coming tax year - and saving into it will help Poppy Appeal
- Use it or lose it: Midnight deadline to fill your cash Isa pot – what are the best last-minute deals?
- Building societies make first move to launch cash Isas for new tax year – but are they any better than what is currently on offer?
- HOW TO PICK THE BEST ISA: Everything you need to know about cash accounts & stock market funds
- How savers can beat the rate plunge: Five best cash Isa accounts that allow transfers in
- Get a cash Isa to boost your savings: Five things you need to know about tax-free saving
- Savers have less than 72 hours to use valuable Isa tax breaks or lose them altogether
- Nationwide customers the most 'loyal' as 30% of current account holders also have an Isa there
- Our savings picks: This is Money's five favourite best buy cash Isas for 2013
- The 10p savings tax survives – thanks to Money Mail
ANSWERS FROM THE Experts
- ASK THE EXPERTS: I want the cash from my life insurance policy but the solicitor has vanished
- ASK TONY: Barclays lost my cash - and the bank is blaming me
- ASK TONY: I read your article on the survival of the 10% tax on savings interest - but where can I find the refund form?
- ASK TONY: I'm trying to switch bank accounts and four months later my balance STILL hasn't transferred
- TONY HETHERINGTON: My £5,000 deal for highly-prized Bordeaux has gone sour
- I am planning my will but need advice. What is the best way to pass my £600,000 estate on to my family?
- I am an expat living in Australia. How can I make the most of my £150,000 UK investment pot?
- I want to buy a house for my son with a cash payment. Are there any legal issues?
- My boiler is broken but my landlord doesn't seem to care! What are my rights?
- Why has our endowment policy with Scottish Widows made so little over the past few months?
Currency | Rate | Buy now |
---|---|---|
Updated 05 Apr 2013. | ||
Euro | 1.16 | Buy Now |
US Dollar | 1.5 | Buy Now |
Australian Dollar | 1.4072 | Buy Now |
Canadian Dollar | 1.5004 | Buy Now |
Chinese Yuan | 9.0598 | Buy Now |
Croatian Kuna | 8.6497 | Buy Now |
Czech Koruna | 29.177 | Buy Now |
Danish Kroner | 8.4802 | Buy Now |
Egyptian Pound | 9.8347 | Buy Now |
Euro | 1.16 | Buy Now |
Hong Kong Dollar | 11.464 | Buy Now |
Hungarian Forint | 339.13 | Buy Now |
Indian Rupee | 77.237 | Buy Now |
Japanese Yen | 143.37 | Buy Now |
Malaysian Ringgit | 4.4744 | Buy Now |
New Turkish Lire | 2.6335 | Buy Now |
New Zealand Dollar | 1.7631 | Buy Now |
Norwegian Kroner | 8.4943 | Buy Now |
Polish Zloty | 4.7256 | Buy Now |
Singapore Dollar | 1.8297 | Buy Now |
South African Rand | 13.432 | Buy Now |
Sterling | 1.0 | Buy Now |
Swedish Kroner | 9.5742 | Buy Now |
Swiss Franc | 1.3963 | Buy Now |
Thai Baht | 42.631 | Buy Now |
UAE Dirham | 5.4361 | Buy Now |
LATEST ON HOUSEHOLD Bills
- Wowcher gives users credit for sharing on Facebook and Twitter - but it means badgering your friends
- Households to feel the freeze with energy bills set to rise as cold weather keeps wholesale gas prices high
- 'Prolonged and extensive mis-selling': SSE ordered to pay £10.5million after sales staff lied to customers to get them to switch
- Energy bills: Is it worth switching and which are the best deals?
- First it was whiplash, then PPI, now claims firm turns attention to horsemeat scandal
- Virgin Media 'unlimited' broadband ad banned after BSkyB and BT complain it's misleading as heavy downloaders have speeds cut in HALF
- Should you fix energy bills for three years if prices are expected to soar this summer?
- Quarter of gas and electricity bills are wrong while estimated bills leave third of households owing £150 to their supplier
- Who is 'Elengo Papacostas'? Net closing on eBay fraudster who scammed dozens of victims out of festival tickets
- MPs want new inquiry into pricing of bottled gas after previous investigation was 'flawed'
Latest from Cards & loans
- An end to sky-high payment fees: New rules for retailers mean 'admin' and 'booking' charges must reflect cost
- Going on holiday? Best debit and credit cards to help you avoid overseas fees
- Farce as long-awaited crackdown into payday lenders is set to be delayed by months
- Payday lender shut down after it allowed fraudsters to take out millions in loans and then chased victims for the debts
- Barclaycard launches record 26-month balance-transfer card - but it has a sky-high fee to move your debts
- Longest ever 0% balance transfer card is now 26 MONTHS as Barclaycard responds to Tesco move
- The best balance transfer credit cards to help clear your debts
- Five reasons why lenders turn you down
- LETTER TEMPLATE: Credit report errors
Latest: money and Cars
- How to get the cheapest car insurance: Ten tips for cheaper car cover
- Drivers shrug off superstition to snap up cars with new '13' plates and push sales higher in March - with Ford Fiesta still the nation's favourite
- SIMON LAMBERT: It's time insurers stopped taking our money then stinging us with the car valuation con
- 'Drivers left high and dry:' AA renews call for petrol retailers to come clean on wholesale costs
- Top five cars that hold their value best and five that plummet fastest - and yes, 4x4s clean up again
- 'Deciding to claim was not something I entered into lightly': Injured motorists face law fees in crackdown on bogus whiplash claims
- Warning over ‘black box’ car insurance costs with up to £90 fees to remove technology
- Make young learn for a year and only drive in the day: Insurers pledge to cut premiums by £360 if young drivers face tough new rules
- 'I can fly a plane but my insurer told me I was too old to renew my car cover': More help needed for older drivers being shut out of insurance
Latest from Pensions
- MPs tell Government to clear up confusion over fast forwarded flat-rate state pension plans
- Seven years since 'simplified' pensions came into force - and people are more confused than ever!
- Skip your daily latte. Ditch the TV channels you never watch: 10 steps to become a pension millionaire
- Hargreaves Lansdown rocked by the Revenue decision to tax commission discounts
- MATTHEW PAWLEY: Keep a close eye on your savings!
- GAVIN FLEMMING: When do you want to retire and how would you plan to fund this?
- ELIZABETH HILL: Doctors working themselves to death?
- AMBER EDWARDS: The stage pension won't be enough - why it's better to save than get into debt
- Retirement incomes boosted by 20 per cent as relaxed rules on pension drawdown come into effect
- Pension providers to list potential returns after inflation to help savers
- Pensions victory: Drawdown savers who saw income slashed by up to half handed a lifeline as Osborne raises cap
Long-term savings
DIY INVESTING IDEAS
- How to be a DIY investor How to take control of your money to build a richer future
- Starting out? Fund and trust ideas for beginner investors Our experts have some ideas to get you started
- Going for growth? Fund and trust ideas for emerging markets If you're looking to add some flair, check out our experts' ideas
- Hunting for income? Fund and trust ideas for income investors Draw an income or reinvest dividends to build solid growth over time
- Five big investment stories for the next 20 years Big investment themes that look likely to generate rich returns
- How to pick the best DIY investing Isa Choosing the right Isa wrapper or investing account can boost your investments
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