UK households put a record £103bn into Isas amid ‘dash for cash’
PositiveFinancial Markets

In a remarkable financial trend, UK households have deposited a record £103 billion into individual savings accounts (ISAs) during the 2023-24 period. This surge, with 15 million new accounts opened, reflects a growing concern among consumers about potential cuts to savings allowances. The increase in ISA contributions not only highlights the public's proactive approach to managing their finances but also underscores the importance of tax-efficient savings in uncertain economic times.
— Curated by the World Pulse Now AI Editorial System