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Bank of England reports record-breaking ISA deposits

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May 31, 2024
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New record high for money deposited into ISAs, according to official figures Households across the UK have deposited an additional £11.7bn into ISAs in the past month, marking the highest amount since records began in April 1999, the Bank of England has reported. This surge in savings comes amid a 16-year high in interest rates, which have remained steady at 5.25% since August. However…

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