Cash ISAs Down

September 21st, 2017

The amount invested in cash ISAs fell by £20 billion or almost a third in the year to April, says the Financial Times.  The reason was falling interest rates, with many non-Isa accounts now paying more than equivalent Isa accounts. For the first time, the amount invested in Stock & Shares ISAs at £22.3 billion was greater than the amount going into cash ISAs. The value of all investments in Stocks & Shares ISAs is now £315 billion compared with £270 billion for Cash ISAs.