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The Independent UK
The Independent UK
Business
Vicky Shaw

£9bn boost for Isa savings in April as new tax year started

Bank of England Karen Noye ISAS Knight Frank Finance The Bank of England
PA Archive

Isa savings received a £9 billion boost in April as the new tax year got under way, while the number of mortgage approvals being made to home-buyers slumped.

In signs that some savers are being attracted by rising rates, there was a record net flow of £9.0 billion into Isas in April, which was partially offset by withdrawals from other accounts.

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