So-called fixed-rate laddering involves savers spreading money across different fixed-rate bond terms to benefit from better rates and flexibility. And, as we reveal, doing so can really pay off.
NS&I altered the tax treatment of Guaranteed Growth Bonds in May 2019
The first multi-year bonds are now maturing for savers
All interest is now paid in the year bonds mature rather than each year
This could leave savers with bigger pots breaching their £1,000 Personal Savings Allowance and mean they face a tax bill
Will this hit you? Get in touch: george.nixon@thisismoney.co.uk
Kent Reliance this morning launched a best buy easy-access cash Isa as banks and building societies begin to react to Marcus Bank s move 48 hours ago.
This is Money expressed hopes the opening of the Goldman Sachs-backed bank s Isa to everyone on Wednesday would trigger a tax-free savings war, and the early signs appear positive.
The Kent-based provider launched an Isa paying 0.45 per cent on balances of £1,000 or more, a rate 0.04 percentage points higher than the previous best buy deal offered by Paragon Bank.
Kent Reliance now sits atop the tax-free best buy tables with a 0.45% cash Isa
The top two tax-free accounts both allow transfers from old Isas in a boost for savers with big pots paying little interest, as Marcus does not.
Kent Reliance launches best buy 0 45% cash Isa after Marcus launch dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
All rate-starved savers can now benefit from Marcus Bank s near-best buy Isa after it launched a full-scale assault on the tax-free savings market.
The Goldman Sachs-backed bank dipped its toe into the tax-free savings world last Tuesday with a 0.4 per cent Isa open only to existing customers.
However, one week later it has put the account, which is just 0.01 percentage point off the top spot, on general sale, in a boost for hopes that Isa rates will improve. It can be opened with £1.
Goldman Sachs-backed Marcus Bank has put its cash Isa on sale to all customers
It said it had closely monitored the demand for the Isa when it launched last week, having phased the launch .