So it's only for those people who would pay tax." "Cash ISAs usually pay slightly less than the equivalent normal savings. The top pay 5.7%, and with rates rising, anyone with £8,000 in savings, check now if your money's in a cash ISA. Speaking on The Martin Lewis Podcast on BBC Sounds, he said: "It's time for millions to reopen cash ISAs. He pointed out that with an ISA, you're likely to earn more interest compared to a regular savings account, all thanks to taxes. But if you opened a Cash ISA over six months ago, he reckons it's a good idea to think about closing it down because the "rate will be terrible". For those of you with £8,000 or more saved up, he's got some insider information on the most favourable rates. What's more, he's done some of the heavy lifting for you. Lewis suggests that if you take the time to look for the best rates, you could potentially see your savings gaining hundreds of pounds in interest. The Money Saving Expert says the rates for both savings accounts and Cash ISAs have actually got better due to the Bank of England's continuous interest rate increases. Martin Lewis has offered some advice to help people make the most of their money during these interest rate hikes. This is nearly £300 less than the well-frequented tourist hub of Snowdonia, where prices stand at £968 per week. In Wales, Mid Wales emerges as the pocket-friendly choice, with cottages available at £678. This stands in stark contrast to the other end of the spectrum – Perthshire, where the average is £809 per week. In Scotland, Ayrshire and Arran take the prize as the most economical region, boasting properties available at an average of £602 per week. Staffordshire, Lincolnshire, and Lancashire also offer a pleasant surprise, with average prices below £600 per week for holiday rentals. If a cosy one-bedroom cottage is what you're after, the price drops even further to a mere £422. You can significantly cut costs by steering clear of the priciest destinations.įor a last-minute escape, the area surrounding Durham and Tyne and Wear takes the lead with an average price of just £544. Recent studies conducted by Which? Travel reveals that numerous holiday cottages are still up for grabs in August. However, there's still hope for finding a budget-friendly option. The most expensive time to rent a holiday cottage is during the school summer holidays, with Cornwall and Dorset averaging over £1,000 per week.
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