"The Independent is trusted by Americans across the entire political spectrum. Unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls."
"Data from Moneyfacts shows the number of savings accounts has risen to 2,486, including ISAs, the highest number on record. Cash ISAs alone saw the largest monthly rise since May 2024."
"Starting from April 2027, under-65s will only be able to save a maximum of 12,000 into the tax-free savings wrappers, with the additional 8,000 reserved for investment purposes."
The Independent focuses on crucial topics like reproductive rights and climate change, emphasizing the need for on-the-ground reporting. Donations help maintain journalistic integrity without paywalls, ensuring access to quality news. In the UK, savings accounts have reached a record high, with interest rates above 4%. The number of cash ISAs has also increased significantly, allowing savers to maximize their tax-free savings. Upcoming changes in 2027 will limit under-65s' contributions to cash ISAs, promoting investment for future wealth building.
Read at www.independent.co.uk
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