As important as it is that you should take full advantage of your yearly ISA allotment, it’s just as important that you compare ISAs. Just as you shop around for a purchase or other financial services, you should shop around to compare the offers that various ISA providers have.

Having a cash ISA is a great advantage when it comes time to pay your taxes. But, by comparing ISA’s you can increase that advantage by earning higher rates of interest. And, since the interest is tax free, the more you earn the better off you are.

If you’ve never opened an ISA in the previous years, you need to make sure that you open one as soon as possible. You can’t open multiple ISA’s in the same year, but if you already have one from a past year you are allowed to keep it. Within a few years you could have several ISA’s that are all earning tax free money.