ISA rates at lowest since records began
Cash ISA savers are now receiving the lowest interest rates since records began, the Bank of England said the other week. Average interest rates fell to 1.43% in August. Two years ago the rate was 2.35%. Last month, 400,000 savers with NS&I were told that their rate of return would be cut from 1.5% to 1.25%, suggesting that interest rates will stay low for quite a while longer.