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New ISA rates to be announced soon, but don't get your hopes up

New ISA rates to be announced soon, but don't get your hopes up

*Please note the information in this article may be out of date

Within the next few weeks both Santander and Halifax are due to announce details of there new Isa rates in time for the last rush to use up your Personal Tax Free Saving Allowance before April 6th.

Those who are hoping for a big improvement on the rates available as we speak may be in for a disappointment. The rates should be an improvement on the best that is available now- on average 1.75% AER on an easy access account or 2% if you are willing to lock your savings into a fixed term account. Though it is doubtful that the rates will be that much better than what is available right now. They certainly won't be reaching the levels previously offered for ISA's.

For anyone looking to use up their annual tax free ISA allowance of £5,670, hang on a few weeks and keep an eye out for the new offers. You might get yourself an extra percentage of a percent on your rate!!

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