The new tax year and the launch of Marcus Bank s Isa has failed to spur a revival in tax-free savings rates, with returns actually lower than they were at the start of March.
While 12 new Isa accounts, including the one from Marcus, have been launched since 6 April compared to six which have been cut or shelved, figures from the analyst Savings Champion reveal savers have been handed little joy over the last month.
Despite March and April historically being a time when banks competed for savers cash ahead of the end of the tax year, rates have fallen this year.
Best cash Isa rates: Marcus Bank fails to spark a tax-free rate war dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.