Holly Mckay
Holly MackayFounder and CEO
Avatar

Subscribe Now

Free of Charge

Avatar
    • Home • Advice • Common questions

    Should I put cash savings into a Stocks & Shares ISA or fixed-rate bonds right now?

    09 April 2026

    Question by Boring Money reader

    Should I continue to convert cash savings into a Stocks & Shares ISA, or are fixed-rate bonds a safer bet during market volatility? Bonds are taxable, but the higher rate evens this out.

    Answered by Holly Mackay

    You may like to read up on and consider these as tax-efficient ways to invest in bonds. You basically don't pay tax on the growth. For higher rate taxpayers in particular who have maxed out their ISA allowances, these can be an interesting way to invest in more stable, lower-risk assets. Alternatively, you can pay into a Stocks & Shares ISA to maximise your annual £20,000 allowance but invest it in a ,

    which will behave in a cash-like way. You can see the list of popular choices in our monthly bestselling funds series. A final way to mitigate risk is to set up a regular savings instruction and drip-feed into markets over 12 monthly instalments, for example.

    Answered by

    Holly Mackay

    Founder & CEO, Boring Money

    I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.

    Help us help more people make better money decisions! Share your Boring Money experience on Trustpilot. Your review takes minutes but means the world to us. Thank you!

    Review us by clicking here

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    InformationHistorically, money invested for more than five years grows more than cash savings. Remember that investments can also fall, so you might not get all of your money back. Tax treatment depends on individual circumstances and may change.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.