Savings news in 2026
6 stories, newest first.
- September 2026
Tax information and impact note published on cash ISA limit reduction
HMRC has published a tax information and impact note on reducing the annual cash ISA subscription limit to £12,000 for under-65s from 6 April 2027, with the limit for those aged 65 and over unchanged.
- June 2026
Government announces anti-circumvention rules for reduced cash ISA limit
The government has set out anti-circumvention rules to support the reduced £12,000 cash ISA limit for under-65s from April 2027, including transfer restrictions and a 22% charge on interest on cash held in non-cash ISAs.
FSCS raises deposit compensation limit to £120,000
The Financial Services Compensation Scheme raised its deposit protection limit from £85,000 to £120,000 per eligible person per firm on 1 December 2025, after the PRA confirmed final rules in November 2025.
- April 2026
Tool updated with 2026 to 2027 tax year rates
HMRC has updated its online tool for checking tax on dividends and savings interest with the 2026 to 2027 rates, alongside its tax code checker and published Income Tax rates and allowances.
- March 2026
Barclays cuts Rainy Day Saver rates
Barclays cut rates across several savings accounts from 11 March 2026, with its Rainy Day Saver paying 3.96% AER on the first £5,000 and 0.70% AER above that.
- February 2026
Nationwide cuts variable-rate savings rates by up to 0.25 percentage points
Nationwide cut rates across its variable-rate savings products, including instant-access and Isa accounts, by up to 0.25 percentage points from 10 February 2026, as average savings rates continued to fall.