'Desperate' savers face ISA blow

"Desperate" savers looking for better returns on their cash are facing more disappointment as this year's Isa season gets off to a slow start, a financial information website said.

The average rate paid on an Isa has plummeted to 1.74%, compared with 2.55% in February 2012, while the choice of Isas on the market has shrunk by a fifth year-on-year, Moneyfacts found.%VIRTUAL-SkimlinksPromo%