That's because the specialist savings account - available to anyone between the ages of 18 and 40 - adds 25% to all the money you put in. The most recent figures from HMRC show people have now squirrelled away £604million in these accounts, seeing £151million added on top - working out at £677 each. But people prepared to wait to use their money will struggle to find a better deal - and word is getting out. (Image: Getty Images/iStockphoto)Last year the number of people with lifetime ISAs surged 45%, according to HMRC, with 69,000 new accounts opened and £118million added to savings pots. Generally, the longer you can wait before pulling cash out, the more likely you are to beat the returns on cash savings.

Source: Daily Mirror June 27, 2020 06:00 UTC