Goldman Sachs – Time to switch the Isa that is paying you next to nothing | Money
Loyal savers who have stuck with poorly paying Isas from their high street bank are being urged to switch as the end of the tax year looms.
The worst paying Isas offer just a penny interest for every £100 you put in. The high street banks are the worst culprits, with Santander, Royal Bank of Scotland, NatWest and Nationwide all offering 0.01 per cent on their easy access Isas.
Barclays and TSB are paying savers 0.02 per cent, while Bank of Scotland, Halifax and Lloyds are the best of a bad bunch, offering 0.05 per cent.
The banks usually compete for custom in February and March by lifting interest rates to persuade savers to use up any leftover Isa allowance before the end of the