20 March 2009
Savers need to make use of their tax-free allowance before the next tax year sets in, one company warns.
M&S Money says people should use their ISA limit to their advantage, as 42% of people questioned in a recent survey said they had so far failed to do so.
The same survey revealed that 81% of British adults were intending on making the most of their cash ISA allowance in 2009.
"Although interest rates are at a historic low, good offers are still available in the competitive savings market," says Colin Kersley, M&S Money Chief Executive.
He believes that, since their launch ten years ago, ISAs have helped people who can see the benefits of tax-free savings.
Many providers are competing to offer the best rates on their ISA products, with M&S Money offering an interest rate of 3.10% at the moment.
The end of the current tax year is April 5th. Use uSwitch.com now to find a new ISA.