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An ISA (individual savings account) is simply that: a savings account on which you do not have to pay tax on the interest your money earns, currently to £5,100 in one year. Possibly the best rates on the market at present are offered by Northern Rock with three new issues of fixed rate cash ISA’s. [...]  As of 1700 BST 24 May, the 100 percent guarantee on funds in Northern Rock bank has been removed. Those with accounts at the bank will have their funds guaranteed up to a maximum of £50,000 per person, just like all the other banking institutions in the U.K that are regulated by the FSA. The guarantee [...] |
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