Cash ISAs: millions of Britons could be making a huge financial mistake - The Motley Fool UK
HMRC has released Individual Savings Account (ISA) statistics for the 2018/19 financial year and, quite frankly, the figures are worrying.
While the statistics show that more people saved into an ISA last year, which is a good thing, they also showed that Britons piled a ton of money into Cash ISAs while neglecting Stocks and Shares ISAs. According to HMRC, the number of people using Cash ISAs rose by 1.4m, while the number of people subscribing to Stocks and Shares ISAs fell by 450,000.
