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ISA Interest Payments
Keith601
Posts: 32 Forumite
Hi There
Can anyone tell me why A&L Paid interest on my ISA,s on January 1st instead of the end of the finacial year 5th April.
My understanding is that ISA,s run from 6th April-5th April. So it appears I have missed out on 3 months interest.
Can anyone tell me why A&L Paid interest on my ISA,s on January 1st instead of the end of the finacial year 5th April.
My understanding is that ISA,s run from 6th April-5th April. So it appears I have missed out on 3 months interest.
0
Comments
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No you haven't. If you closed the ISA now you would get the 3 months interest.0
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You can only put money in from 06/04 to the following 05/05 but the interest payment date is not always forced to be in April.
The interest is still being calculated and will be added next January or when you withdraw the money or transfer into another Isa.
I currently have a fixed rate Isa running from October 08 to October 09 but The last payment date into this Isa was 5th April 09.£2 Coins Savings Club 2012 is £4
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