Sep 16 2008
Due to the current economic difficulties, Britons have been urged to maximise their savings.
In news that may be of relevance to consumers looking at saving for children, research analyst Defaqto has issued a number of tips for savers.
According to the organisation, people can use the internet in order to locate the best deals on individual savings accounts (Isas).
It went on to suggest that consumers should use their full Isa allowance in order to avoid paying tax on their interest.
Defaqto stated: "Even if you can't lock the money away for the long-term but need to access the funds it still makes sense to garner the tax advantages of an instant/easy access cash Isa."
Earlier this month, Child Trust Fund provider Family Investments revealed it is to partner with the Post Office in a bid to become a leading provider of tax-free savings for the family.
