When investing is is important to remember that your investments can go down as well as up.
ISAs: At a Glance
ISAs represent a great way to save without paying tax on the interest you earn. With the current allowance you can put up to £15,240 into cash or stocks and shares ISAs for each tax year.
- Fixed rate Cash ISA offers a fixed rate of interest over a set period of time and usually offer higher rates of interest
- Variable rate Cash ISAs are more flexible, often have no limits on withdrawals but offer lower rates of interest
- Stock and Shares ISAs have the best return potential but also have a higher risk