Cash ISAs were the Cinderella of tax-free savings. That was until 2021 when interest rates started to increase after years of record lows. Times have changed and banks and building societies are now tripping over themselves to offer decent Cash ISA rates.

While the Chancellor Rachel Reeves is still believed to be planning to scrap or reduce the Cash ISA’s annual allowance, experts are urging savers to consider opening or adding to a Cash ISA this tax year.