14
Jun
2019
A question about : Cash ISA interest rates
This morning's Tel: Sylvia Waycot of Moneyfacts said that the interest paid by the average ISA wouldn't pay for a sausage a week.
What a wonderful yardstick. What would it pay for?
Best answers:
- Why would you put your money in an ISA paying the average rate
The comparison should be what can the best cash isa pay for. - Or put your money in a non ISA account paying a decent rate.
I'd prefer 5% taxed to 1% tax free. Helps the government out too! - An alternative currency used to be Mars Bars.
- I like to use Big Macs. They even got their own index, so it's easy to work out whether you can get a better deal abroad.
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