Savers put £11.7bn into cash ISAs in April, the best ever month for cash ISA savings since they were introduced back in 1999.

NS&I has raised the rate on its Direct Saver and Income Bond accounts a month after launching its one-year British Saving Bonds.

The new 3-year fixed-rate British Savings Bonds - announced by the Chancellor in his Spring Budget - have gone on sale from today offering interest of 4.15% gross/AER.

The Chancellor has announced the launch of a new British ISA and changes to ISA allowances as part of a raft of new measures introduced in his Spring Budget to boost investment in UK businesses.