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BEST ISA RATES, find the best ISA rates of 2012 and
compare the current ISA marketplace. Compare different ISA providers and their rates in 2012 to find you the best
ISA on the market. With inflation higher it is more important than ever before to make your savings work for you. If
you are over 50 take care that you are not being short changed by your ISA savings account as some ISA deals are offering
worse rates than their regular deals to their older savers. Many banks have been called into question with this will not tell
you that you interest rates on your ISA savings rates have dropped. They will expect you to call into them to find out what
the current savings rate for your saving account is. Some ISA's are offering over 3% interest and you may
find your account is only earning you 0.3%. Don't be frightened to change and chase that higher interest
rate all the way to a new bank. Do be aware that there are some people saying that UK interest rates may rise mid 2012 and
if they do then UK bank interest rates for savers will increase. If you are locked into a fixed rate of interest you could
actually lose out. 3% may look interesting now if you are in a low interest bearing account but if UK interest rates rise
above a certain level then you could end up being disappointed that you locked yourself into an isa that only pays 3%. Just
something to think about....
Banks and building societies continue to pay out dreadfully low interest
rates on cash isas. The average interest rate on easy access cash isas last year was 0.53%. This means that on every £10,000
saved, a customer would receive £53 interest. Almost half of the larger building societies and banks offering easy access
cash isas gave out even less than this. One of the better
easy access cash isas was by Yorkshire building society. Paying out 2.23% interest on their monthly reward cash isa.
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