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@ilovechrist420 How much are we talking? It's a 1.6% difference. For £10k no one gives a fuck. For £100k is worth a bit of attention. Bear in mind you also pay tax on interest and the allowances are tiny. For a higher rate it's £500 before 40% tax. Takes a big bite out of % return.

@honoluluwindow You pay tax on interest from savings, it's income. 20% rate payers get a £1000 allowance whilst 40% rate payers only get a £500 allowance. So if you're actually talking about amounts that make this stuff worthwhile then you're effectively paying £400 in tax for every £1000...