Save Cash Amount in Cash ISAs

May 22nd, 2010 by admin

Cash ISAs is a type of individual saving account which provides some extra features to investor which is not available in other types of ISAs. As the name indicates cash isas offers you to save money as cash amount exactly as you deposit cash in banks or in any other saving policy which accept cash only. Both saving schemes give you interest on your saved amount but there is difference between bank saving and cash ISA. Bank saving involves tax deduction while in cash ISAs there exists no tax deduction because it is absolutely tax free scheme to provide dual advantage of interest presence and tax absence facility.

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