Someone placing £10,000 into an ISA at the start of April would have made six times as much money if investing the cash in a tracker fund, compared to if they had put the money into cash savings .

Calculations by AJ Bell for The i Paper show that someone putting their money into a stocks and shares ISA invested in a simple tracker fund could have made around £1,200 since the start of the tax year.

In contrast, if the money had been put into the best cash account at the time – which was with savings platform Tembo – they would have made around £207 in interest.

Exactly how much someone would have made from investing depends on where they deposited their cash, but if they had placed the money in a fund that tracks the S&P 500 – a selection of the biggest American companies – they wo

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