Does Nationwide's savings lottery show there's still life in the cash Isa?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 6 March 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Every year, between March and April, there used to be a cash Isa season. Banks and building societies clambered over each other in the race to top the best buy tables.

This hasn't been the case for a while. However, Nationwide - with a new savings lottery - and Coventry - with a new deal - have offered signs of some green shoots this year, but is it even worth having a tax-free savings account anymore?

On this week's podcast, Simon Lambert, Lee Boyce and Georgie Frost go to Isa-town, to talk cash savings deals, the best services to invest, and how to overcome the fear that coronavirus-induced stock market falls have delivered.

Elsewhere, the coronavirus also hit the Geneva Motor Show, but the motor industry decided many of the launches could take place online instead.

What cars were unveiled? Well it broadly fell into two camps, very expensive limited edition hypercars and electric cars that might be the future for the mass market. Simon and Lee talk through the best of them.

Meanwhile, a reader takes the taxman to court over a child benefit penalty and finally Lee cracks open a low-alcohol beer at Adnams brewery, in Suffolk, and asks: has the taste become better... and why?

Transcript

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0:00.0	This Is Money's podcast is brought to you in partnership with the financial services compensation scheme.
0:04.9	Check your financial products at FSCS protected at fscs.org.uk forward slash This Is Money.
0:11.3	Welcome to This Is Money. I'm Georgie Frost and alongside me and editor Simon Lambert today is assistant editor Lee Boyce.
0:18.4	And it's that time of year. It is ISA season where once Lee got all giddy with excitement, it's been a bit more of a damp squib over the past few years, but is their life in the old cash market yet? Also, we look at the best places to invest and ask how you can become an Icer millionaire.
0:38.0	Plus, it's been a bad week for the tax man with blunders and court battles.
0:41.9	Coronavirus continues to cause havoc.
0:44.1	The Geneva Motor Show getting cancelled but does launching online pack such a punch?
0:49.4	We've round up the coolest and wackiest offerings.
0:52.5	And just as chocolate isn't only for Easter nor Brussels sprouts,
0:56.2	just for Christmas. Low alcohol beer isn't just for dry January. Lee explores the latest
1:01.7	consumer trends. And I'm forgetting to stay up to date with all the latest breaking money
1:05.8	news, just go to this is money.com.uk or download the app. But first, forget the aides of March.
1:13.2	It is all about the icers of March.
1:16.7	It's the time of year we're urged to fill up our tax-free allowance
1:19.4	before the clock starts again on the new tax year and we lose it all.
1:22.9	But over the years, cash icer rates have been, well, murdered, haven't they?
1:27.7	Making people wonder whether they're really worth it.
1:30.3	So Lee has, I believe, some good news.
1:32.9	And Simon explains how we can all be millionaires.
1:36.8	I don't think it's going to be with the cash icer, though.
1:38.9	But first, Lee.
1:40.8	Now, every time I talk about Isis, oh, it takes me back, Lee, it takes me back to the olden days when we first started this pod.
	...

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