Savers urged to be careful of tax on savings interest
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As ISA season kicks off, savers are urged to stay vigilant and shop around to secure the best deal for their money
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Savers looking to lock in a high return on their cash are being urged to act fast as a new provider has launched "market-leading" rates across their Cash ISA range.
With interest rate cuts expected later this year, experts say now could be the ideal time to fix one's savings and protect their returns.
As the new tax year begins, savers are being urged to act fast, as a top provider launches what it calls a "market leading" range of Cash ISA rates.
As the new £20,000 ISA allowance resets, experts say now could be the ideal time to fix savings to make the most out of one's money.
As the new £20,000 ISA allowance resets, experts say now could be the ideal time to fix savings to make the most out of one's money
GETTYHargreaves Lansdown (HL) is offering a standout 4.4 per cent on a one-year fixed rate Cash ISA, exclusively through its Active Savings platform.
That’s not the only deal turning heads — HL says it is now offering market leading rates across a variety of fixed and easy-access options.
HL’s Multi-Bank Cash ISA gives customers access to 13 different banks and 26 savings products all through one platform.
Users can spread their Cash ISA allowance across multiple banks while managing everything in one place.
Users can spread their Cash ISA allowance across multiple banks while managing everything in one plac
PEXELSMark Hicks, head of Active Savings at Hargreaves Lansdown, said: "HL’s Cash ISA platform offering continues to grow at pace.
"We’re attracting more banks and building societies, offering exclusive and market leading rates across the board."
He added that with interest rate cuts on the horizon, now could be a good time for savers to "lock away money they don’t need for a specific period" to secure attractive tax-free returns of nearly 4.5 per cent".
Here’s what’s currently available through HL’s Cash ISA platform:
HL’s Top Cash ISA Rates (All Exclusive Offers)
- Easy Access – 4.50 per cent (Zopa)
- 6-Month Fixed – 4.31 per cent (UBL UK)
- 1-Year Fixed – 4.40 per cent (LHV Bank)
- 2-Year Fixed – 4.46 per cent (Chetwood)
- 3-Year Fixed – 4.30 per cent (Chetwood)
- 5-Year Fixed – 4.30 per cent (Chetwood)
HL’s Cash ISA volumes have reportedly jumped 250 per cent through April compared to the same time last year - a sign that demand for flexible, high-interest cash accounts is growing rapidly.
The platform now works with 32 partner banks, including recent additions Monument and Chetwood, and continues to offer exclusive products not available on the high street.
Hicks added that the platform is designed to help savers manage their cash alongside investments in one place — making it easier to build a balanced portfolio.
Savers can only pay into one Cash ISA per tax year — so they are urged to make their pick wisely.
For those who want the flexibility of choice, tax-free growth, and some of the highest available fixed rates, this offer could be worth a serious look.