Motley Fool: Current Accounts Which Beat Savings Accounts

October 4th, 2006

A saver’s Golden Goal is simple: to maximise the interest earned on any money sitting safely on deposit in a bank or building society. However, this is a far from easy task, thanks to the wide variety of different accounts on offer. Who wouldn’t be confused when faced with choosing between over four thousand different savings accounts?

Nevertheless, a sensible saver’s first port of call should always be cash mini-ISAs, which pay tax-free interest, often at headline-grabbing rates. ISA interest rates are hard to beat, because the taxman doesn’t snaffle a fifth (20%) of your interest (or 40% if you’re a higher-rate taxpayer). Learn more about cash mini-ISAs here….

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Categories: Aggregator, Banks, Interest Rates, Savings, Tax