Death of the Cash Isa? ; As Millions Are Withdrawn From These Once-Popular Accounts, We Ask If This Heralds the ...Campaign Save Our Savings

Daily MailFebruary 12, 2009

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Summary


SAVERS are deserting cash Isas as rates fall to an alltime low.

Desperate income-seekers pulled Pounds 212 million out of building society Isas in December as they tried to make the most from their life savings.

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Extract


Death of the Cash Isa? ; As Millions Are Withdrawn From These Once-Popular Accounts, We Ask If This Heralds the ...Campaign Save Our Savings

And yesterday, some 260,000 cash Isa savers discovered they will no longer be able to use their account through the Post Office from April.

The government-sponsored bank National Savings & Investments (NS& I) is withdrawing access to its Cash Isa account fro...

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