/24-7PressRelease/ - LONDON, UK, October 26, 2007 - Millions of people use personal loans to fund their summer holidays. But, if you can afford to save then experts recommend Individual Savings Accounts for putting aside money for the near future.
Legal and General, one of the leading fund management groups in the UK says that the favourable rate of interest available for a cash ISA is highly recommended for short term savings.
Adrian Boulding, wealth policy director of the firm explained: "If you are saving short-term, for example for next summer's holiday, then a cash ISA would be ideal. The rate of interest you get on them is among the best of the rates of interest at the building society and it is tax free, whereas with a normal building society account there is a basic rate of tax deducted before you get it."
Many people across the UK depend on personal loans for financing their holidays. An ISA can be another good alternative.
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