Happy New Tax Year. As the clock clicked past midnight on the morning of Monday 6 April, everyone over 16 in the UK got a brand new £15,240 allowance to put in a cash ISA, which is just a savings account where you don’t pay tax on the interest.
The best rates pay up to 2.1% and the earlier you save the more you’ll earn. Don’t worry if you’ve opened one in previous tax years, you can open another with whichever provider you choose. And if the rate is poor on your old ISA you can transfer it across to the new one