ISA Season

Everything you need to know about ISA season by Furness Building Society

What is ISA Season and why is it important to your savings?

ISA season is an annual event when banks and building societies will often promote last-minute deals to new and existing savers. However, if you’re a casual saver, you may not be overly familiar with ISA season, or how it impacts you.

In this guide we break down everything you need to know about ISA season, including how to navigate this period of time and how to benefit from it year on year.

What is ISA season?

ISA season typically begins in February and runs until the beginning of the new tax year in April. During this time, many savers are encouraged to get their ducks in a row and subsequently, banks and building societies will start to reorganise their rates for the following year.

Why does ISA season matter to my savings?

Opening a new ISA during ISA season

What are the best ISA rates?

What is the ISA deadline

Next steps

If you’re in a position to move around some savings, then it’s certainly worth considering ahead of the new tax year. However, if you’ve already budgeted and saved your extra cash for the year, then that’s ok. Never feel rushed or pressured into moving more money over to meet your allowance.

We hope this guide has given you the tools you need to understand ISA season and the benefits that can come from moving savings from other accounts.

If you’d like to chat with our team of experts about your savings or how to better manage your money, please feel free to visit us in branch or give us a call on 0800 834 312.