What are the risks?
With a cash ISA the biggest risk savers face is underperformance, a lack of return. Interest rates remain at record low levels and returns offered by cash ISAs reflect this. Stocks and shares ISAs are reliant on the performance of shares which can go up or down, and peer to peer loans are subject to borrowers being able to meet their repayment terms.
As with anything, the greater risk usually offers the potential of a larger return. Our team of Advisers are perfectly placed to discuss which product suits your needs whilst outlining the pros and cons of each type of ISA.