Variable vs Fixed Rates: How It Impacts ISA Returns
Variable vs Fixed ISA Rates When choosing an ISA (Individual Savings Account), one of the biggest decisions you’ll make is whether to go with a fixed or variable interest rate. Both have their pros and cons, and the best choice depends on your financial goals, market conditions, and risk appetite. Right now, with the Bank […]
What is an ISA Promotional Rate?
ISA Promotional Rates: Are they Even Any Good, Really? If you’ve been shopping around for an Individual Savings Account (ISA), you’ve probably seen some banks and building societies offering ISA promotional rates. These offers often look incredibly appealing, featuring high-interest rates that seem like a great deal. But what happens after the promotional period ends? […]
How Compounding Affects ISA Returns
Compound interest overview As Einstein once said “Compound interest is the eight wonder of the world” or something like that… and if you’ve ever wondered why some savings accounts grow faster than others, the answer is simple: compound interest. When it comes to Individual Savings Accounts (ISAs), understanding how compounding works can help you make […]
How Banks Make Money from ISAs
How do banks make money from ISAs? Banks and ISAs – it’s one of those age old questions – surely the bank is just giving away free money right? Well, kind of but not really. Banks still make a profit from ISAs and in this article we’ll explore exactly they how they do just that. […]
Calculating ISA Interest Rates: Why It Matters
Calculating ISA Interest rates Most people open an Individual Savings Account (ISA) with the simple hope of earning tax-free interest on their savings. You deposit your money, sit back, and watch it (ideally) grow. Straightforward enough, right? Yet the moment you start digging into how much interest you might actually earn—and why it might differ […]