Spotlight: Over-fifties ISAs

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With only a few days to go until the end of the current tax year, Saga has come to the party late with its new cash ISA. From tomorrow, the over-fifties specialist provider will offer a one year fixed rate annual interest ISA paying a tax-free interest rate of 2.95 per cent.

For those who want their income paid monthly, the account will pay a rate of 2.91 per cent a year. As usual, Saga's products are offered to the over-fifties only. But even if you're over 50 and you qualify for this product, it's worth noting that this is not the best rate on the market.

The average cash ISA pays just 2.09 per cent, a sign of the times we are living in to be sure, but the best buys out there, which are open to anyone over 16, are paying just over 3.60 per cent from the likes of Barclays.

Go to to find which accounts are paying the best rates across all different types of savings accounts.

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