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Invest now or forever hold your peace

Invest now or forever hold your peace

Category: Savings

Updated: 05/04/2011
First Published: 05/04/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

There are just hours before the 2010/11 tax year finishes, meaning investors are fast running out of time to maximise this year's ISA allowance.

Providers have battled frantically in recent weeks, launching many eye-catching ISA rates in a bid to attract savers' funds.

But those who are yet to invest have only hours left, as tomorrow (April 6) will herald the beginning of a brand new tax year.

You may have only invested half of your £5,100 allowance or just be a couple of hundred pounds off the maximum limit, but anything you don't invest now will not be allowed to be carried over to the 2011/12 tax year.

Or you may be new to the ISA game, in which case where have you been!?

ISAs are considered to be amongst the most efficient ways of saving as the interest is not liable for tax.

Your hunt for a last minute home for your savings may seem like something of an ISA jungle, as there are many accounts on the market.

But worry not, as can help you find the best account for your money.

Amongst the best cash ISAs on the market are:

Our best buy tables are an invaluable way of quickly hunting down the latest and greatest cash ISA deals.

  • Halifax Direct Reward 3.10%,
  • Santander Flexible ISA issue 3 3.30%,
  • NatWest Cash ISA 2.00%
  • RBS Fixed Rate ISAs
Are just some of the other famous names which might have the deal you're looking for. Savers have until midnight tonight to make their application.

From tomorrow, savers will be able to take advantage of their 2011/12 tax year cash ISA allowance, which will rise to £5,340.

Looking for a Cash ISA - Compare cash isa rates and best isa rates for transfers

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.