UK savers face £53.9 billion in maturing Cash ISAs, urged to act soon to secure best rates.

£53.9 billion in UK Cash ISAs are set to mature in the coming months, with £36.4 billion in one-year fixed-term accounts. Paragon Bank warns savers to act early, using their £20,000 ISA allowance or doing so when the new tax year starts on April 6. Best one-year fixed-rate cash ISA deals now offer 4.53%, down from 5.25% last year, and savers are advised to be proactive in finding the best rates as they may not achieve better returns than a year ago.