Cash ISA deposits were up by £2.2bn in the second quarter of 2025, compared to Q2 2024, reaching a total of £21.5bn, according to the Bank of England's money and credit data.
The central bank also recorded that April 2025 witnessed £14bn in Cash ISA deposits, up from £11.7bn a year prior. While last month beat June 2024's Cash ISA deposits, £3.6bn to £3.4bn, respectively, May 2025's total was £300m lower than a year prior (£3.9bn and £4.2bn, respectively). These rises could be attributed to the rumoured reforms to Cash ISAs, including the lowering of the tax-free limit, according to Moneyfactscompare.co.uk head of news Adam French. There were rumours in April and May that the limit would be lowered with economic secretary to the Treasury Emma Reynolds s...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
