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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Everyone should keep some of their money in cash, as you never know what’s around the corner. Unemployment, a broken boiler, a failed MOT; the list is endless.
Virgin Money currently offers the best rate for an instant access ISA at 1.01%. The rate falls if you make more than three withdrawals a year.
Anyone wanting to regularly withdraw cash may find Post Office’s ISA more attractive. You get paid 0.9% interest in the first year and can take out £10 or more as many times as you like in that period.
This article is provided by Shares Magazine. Shares publishes information and ideas which are of interest to investors. It does not provide advice in relation to investments or any other financial matters and does not guarantee the accuracy or completeness of the information in this article.
Investors acting on the information in this article do so at their own risk and AJ Bell Media Limited and its staff do not accept liability for losses suffered by investors as a result of their investment decisions. Shares is published by AJ Bell Media Limited part of AJ Bell.