Is it worth opening a cash ISA before the tax year ends?

ISA season is in full swing but you only have until the end of the tax year on 5 April to use or lose your allowance

piggy bank with notebook outlining ISA pros and cons
ISA rates are soaring, but whether the product is worthwhile has been up for debate
(Image credit: designer491 via Getty Images)

Cash ISA rates are at their highest levels in decades but savers may need to act fast to grab the best deals before the end of the tax year. 

The popular products are "flourishing", said Moneyfacts, thanks to interest rate rises by the Bank of England between December 2021 and August 2023, which have been passed on by savings providers.

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Marc Shoffman is an NCTJ-qualified award-winning freelance journalist, specialising in business, property and personal finance. He has a BA in multimedia journalism from Bournemouth University and a master’s in financial journalism from City University, London. His career began at FT Business trade publication Financial Adviser, during the 2008 banking crash. In 2013, he moved to MailOnline’s personal finance section This is Money, where he covered topics ranging from mortgages and pensions to investments and even a bit of Bitcoin. Since going freelance in 2016, his work has appeared in MoneyWeek, The Times, The Mail on Sunday and on the i news site.