Over 15,000 cash Lifetime ISAs opened

Former_MSE_Megan_F · 19 June 2017 at 5:02PM

The first cash Lifetime ISA has already proved popular with savers, with thousands opened in the first week of its launch. ...

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’ 'Over 15,000 cash Lifetime ISAs opened' '

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eskbanker · 19 June 2017 at 5:19PM

You'd obviously expect the first product to market to attract a decent level of interest, especially given the widespread mistrust of S&S (which, in the context of saving for a property deposit, isn't unreasonable) but just for some context there were 338,800 first-time buyers last year, according to https://www.cml.org.uk/industry-data/key-uk-mortgage-facts/

dunstonh · 19 June 2017 at 6:08PM

Lets hope not many of those 15,000 are using them for retirement planning.

veryintrigued · 19 June 2017 at 6:19PM

Be interested to know what this equates to in terms of the money that's been deposited.

Over 15,000 cash Lifetime ISAs opened

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