ISA deadlines are on the horizon

The financial year suddenly rushes up on us in no time at all it will be April and no one will have made a decision about their ISA.  Enable’s IFA’s in Bishop's Stortford have noticed that the new ISA products are beginning to hit the market so maybe it is time to start taking a look before the rush. The deadline for this year's Isa allowance is of course not until 5 April. But if you are planning to use any or all of the £11,520 you can shelter from the taxman before the end of the financial year you need to act over the coming weeks. This can be split between cash and stocks and shares, with up to £5,760 held in cash.

HSBC is offering current account holders a loyalty Isa paying up to 1.6% over a year, which does not include a short-term bonus. Premier account holders get the top rate on a minimum investment of £1 up to the maximum Isa allowance of £5,760. Holders of an advance account are paid 1.5%, while those with a basic current account can earn 1.4%.Oliver Cook, head of savings at HSBC, said: "Our customers have told us they always want to receive the best rate we have on offer, without having to switch Isas every year. "We have created an Isa that rewards customers for their loyalty, securing our best rate on their whole balance for 12 months each time they pay in."

More providers are expected to launch accounts over the coming weeks. "It is usually in the next six weeks or so when the frenetic activity takes place. Enables IFA’s can help you take a look at maximising your savings.