24 February 2022
Cash ISAs hit with record outflows as interest rates, urgency, appeal and spare cash dwindleCash savers pulled more than £7bn from bank and building society ISAs in the last six months of 2021 – marking the biggest outflows from ISAs since they were launched in 1999. Poor interest rates, the cost of living crunch and the dwindling appeal of cash ISAs have all played into these outflows.
ISAs generally see outflows in the second half of...