Anyone who has not yet used their tax-free savings allowance for this year must do so before April 5th or lose it, one expert has warned.
However, those who are yet to make full use of the tax-break should have plenty of choice with a number of new individual savings accounts (Isa) beings launched, says Andrew Hagger of Moneyfacts.co.uk
Mr Hagger explained: "If previous years are anything to go by we will see a glut of new Isa deals being launched in the next few weeks."
The best Isa deals currently on the market were being offered by Scarborough Building Society and Icesave - both deals were launched in the last month, he added.
However, Mr Hagger warned that savers should expect deals of this nature to be on offer for only a short time.
Recently, the government announced the amount of money people can invest in an Isa will increase from April 6th this year.
The total Isa allowance will increase from £7,000 to £7,200 per tax year.
Best Isa deals go fast
Best Isa deals go fast
Wed, 06 Feb 2008
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