The savings expert also broke down why is recommending the ISA products from Barclays and Shawbrook Bank in particular.
Ms Anderson added: “For those wanting to get the best returns on larger sums and also benefit from tax-free savings, then a short-term fixed-rate cash ISA could be the answer.
“Barclays currently has a one year fixed rate ISA at four percent, where you can make three free withdrawals, each up to 10 percent of your current balance.
“Another option is Shawbrook Bank’s 1 year fixed rate Cash ISA at 3.82 percent. If someone is happy to leave their savings untouched for 12 months, they could deposit their full ISA allowance into the account and earn £764 in interest by the end of the year.
