Cash ISA shame as top providers pay 0.1% - papers

More than £25bn was invested in cash Isas last year alone - yet much of that money will be sitting in accounts paying less than Bank Rate of 0.5pc. Providers rely on customer inertia and only tend to offer the best rates on new money for the current tax year. Rates on existing cash Isa have fallen because of the rate cuts imposed by the Bank of England over the past few months. Barclays Cash Isa for lats year's savers, for example, pays just 0.1pc but its new Golden Isa pays a decent 3.61pc. Experts said that the main message for savers is that they need to monitor the current savings...