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Staff at the Coseley branch, on Birmingham New Road, were confronted by two men who walked into the premises shortly before 10pm on Thursday night (25 March).

 

The robbers threatened staff members with a gun, and demanded they open the tills.

The research looked at intentions to invest into ISAs in the current and new tax year comparing this against their current level of instant savings.  It revealed:

·        71 per cent of people don't think they have the money to invest, despite having thousands of pounds sitting on instant access

·        13 per cent didn't understand what an ISA was

·        11 per cent are under the impression that their money would be tied up

·        46 per cent of people have never invested money into an ISA before

·        4 years is the average time money has been in an instant access account

However, of the people who have or intend to open an ISA in the current tax year, 37 per cent have already opened, and a further seven per cent will open.  The average amount they have or will pay into an ISA is around £2,500.  The key reasons given for opening an ISA were 77 per cent of people want to make the most of their tax free allowances and 39 per cent stated they pay a better interest rate than their other accounts.  Looking to the new tax year just under a third of people intend to open one.