Financial product data provider Moneyfacts has rebranded its consumer website as Moneyfactscompare.co.uk to reinforce it as “the completely independent money comparison website.”

After years in the doldrums, cash ISA rates are rising rapidly thanks to rapid increases in the bank rate which rose to 4% last week.

Annuity rates have soared in 2022 as gilt yields rose and competitors vied for market position.

The average stocks and share ISA provided a return of 6.92% over the past 12 months - well down on the 13.55% seen in the previous 12 months.