by puzzled on July 24th, 2009

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Why do banks pay lower interest on ISA deposits than ordinary savings accounts?

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What was the purpose motivating regulators to impose interest ceilings on bank savings accounts

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Why do banks pay lower interest on ISA deposits than ordinary savings accounts?

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What was the purpose motivating regulators to impose interest ceilings on bank savings accounts?

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Wouldn't it be in the interest of the tax-payer if the ISA concept was achieved without the need for special accounts? At the moment the banking industry consumes a major proportion of the tax relief afforded to STD. rate payers.

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How do i compare savings accounts in banks?

What was the purpose motivating regulators to impose interest ceilings on bank savings accounts?

Do savings accounts have a daily interest rate?

Are there any savings accounts that have monthly interest rates?

Who governs federal regulations on savings accounts?

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Why do banks pay lower interest on ISA deposits than ordinary savings accounts?

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