ISA

Savers are a step closer to being able to earn a tax-free income from peer-to-peer (P2P) lending after the Government today launched a consultation on how to include this form of lending in NISAs.

Anyone who still has (N)ISA savings with Intelligent Finance should consider moving their cash elsewhere as its interest rates have today fallen to paltry levels.

More than half a million Cheshire Building Society accounts will be transferred to Nationwide this weekend when the building society closes.

HSBC e-ISA customers should diarise to transfer their cash as the bank has confirmed interest rates will tumble from October.

Over one-and-a-half million Barclays NISA customers will see their rates drop this autumn as the bank will be moving most of its old NISA customers onto a new deal.

If you've taken advantage of your tax-free ISA allowance every year since the accounts were introduced in 1999, you should check how much you've saved as you may now have breached the UK's £85,000 safe savings limit.

16 and 17-year-olds can save up to £19,000 tax-free this year under today's ISA revamp, meaning they could net £100s in interest if they put the maximum amount away.

ISAs transform into NISAs (New ISAs) today, meaning everyone can now put £15,000 into cash or shares savings without paying tax on it.

If you've opened a fixed-rate ISA since 6 April, you should hurry to top up your savings if you can afford to do so, as many providers have opened a short window for new money to be deposited following today's ISA revamp.

Savers torn between easy-access, fixed cash and regular saver ISAs can now open one of each in the same tax year at certain building societies and banks and still earn top rates, MoneySavingExpert.com has discovered.