Cash ISA vs stocks and shares ISA: how to choose between them

Record amounts have flowed into cash ISAs, but is that the best place for your tax-free savings?

piggy bank
(Image credit: Getty Images/roberthyrons)

Savers put record amounts of money into cash ISAs during 2024 amid higher rates.

But with the end of the tax year on 5 April approaching, many will be questioning if they are better off using a stocks and shares ISA for their tax-free allowance.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.