All eyes are on the banks in 2024, to see what happens to interest rates.
The extent and timing of the reductions to the Bank of England base rate are undecided, but, with inflation now seemingly coming under control, they could begin as early as this month and will have a knock-on effect on savings rates across the board. This could dent the appeal of cash Isas in the future, but may well persuade many savers to take the plunge and grab the best remaining rates before the tax year ends on April 5.
Cash interest rates of 5 per cent and higher have been available for months, creating a high bar for bond and equity income funds. And even if interest rates come down,