Isa Whitney, brother of the late Elias Whitney, D.D., Principal of the Theological College of St.
I was Isa Whitney's medical adviser, and as such I had influence over him.
The table (bottom left) shows how much millennials need to start saving per month to become an ISA
millionaire by the time they are 65, according to AJ Bell's analysis.
Most banks and building societies offer Cash ISAs
, ranging from easy access accounts where you can get at your money quickly if needed, through to fixed-rate ISA
bonds where you lock your money away for a term of between one and five years in return for a higher interest rate.
have traditionally had advantages over other types of savings accounts, as money in them is ring-fenced from tax.
"In the past, one-year fixed Isas
seem to have been favoured among savers, allowing them to revisit their investments and look at fresh options at the start of each Isa
This isn't good news for people saving in cash ISAs
, as their returns are also likely to be low.
THERE are cash, as well as stocks and shares versions of Junior Isas
aren't right for everyone, but I believe for about one-third of students, it's a better way to fund college," he says.
Only platforms with FCA authorisation and ISA
manager status can offer IF ISAs
and at the time of their launch in April only eight relatively small platforms offered them as other platforms were still awaiting authorisation.
Just under a third of UK adults (31 per cent) saved or invested in an ISA
in the current tax year and of those, more than a fifth (22 per cent) have saved or invested Au1,000 or less with just a few weeks to go until the end of the tax year, according to new research carried out on behalf of AXA.
carry no risk to capital but offer low returns, whereas stocks and shares ISAs
offer potentially higher returns but they are at the mercy of stock markets.