Cash ISA savers warned to check rates

Savers with cash ISAs are being warned to keep an eye on the interest rates they are being paid as the banks doing their best to lure new customers with "early bird" deals for the new tax year are covering the cost of these offers by slashing the rates on older accounts.

Figures from Consumer Focus show that more than a third of cash ISA savers have held their accounts for more than five years, suggesting that millions of savers are losing out.