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halifax guaranteed reserve-interest annually or end of term?

helzbelz_57 · 2010-04-09 19:42:53

does anyone know whether the interest on this account is paid annually or at the end of the term, i cant find anything on the website to say either way. thanks

Comments

Mikeyorks Posts: 10,377 Forumite

9 April 2010 at 9:31PM

helzbelz_57 wrote: »

ok, if i was to put this in a guaranteed reserve for my son (he is 4) i am assuming it would be tax free automatically?

Don't ever assume (other than a CTF) that a child's account is tax free automatically.

Even the Halifax Children's Regular Saver will have tax deducted if you don't file an R85.

If you want to test the depth of the water .........don't use both feet !
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