UK Money News

Money News

14th January 2008

Isa offerings 'made earlier this year'

Now that the new year is in full swing, many consumers will be looking for opportunities to save following the Christmas spending splurge.

And according to price comparisons site moneysupermarket.com, personal finance institutions are hoping to make the most of the frugal mood by bringing out 2008's individual savings account (Isa) offerings early.

"By starting the rush now rather than closer to April, it will alleviate some of the pressure providers usually face when they have to process so many accounts in such a limited period," the firm explains.

It adds that savers should look beyond headline figures to the wider strictures placed on the help with money product.

For instance, there may be notice periods for withdrawals and specifications on when money can be transferred in.

In related finance news, HM Treasury recently released the results of a survey indicating that 40 per cent of Isa holders have more than £8,000 in the accounts.

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