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How is the interest for an ISA calculated?
Inf0war
Posts: 114 Forumite
Hi,
The 5th of April dead line for ISA payment is closing and I have not yet filled my ISA. But if I pay in the full £3k in next week then will the interest of 5.5% with Bristol & Wests new deal be calculated for the whole year = £165? Or will the interest be calculated for few weeks unitll April 5th?
regards
The 5th of April dead line for ISA payment is closing and I have not yet filled my ISA. But if I pay in the full £3k in next week then will the interest of 5.5% with Bristol & Wests new deal be calculated for the whole year = £165? Or will the interest be calculated for few weeks unitll April 5th?
regards
Guiding friends to joys and happiness of good life
www . loveofgoodlife . org
www . loveofgoodlife . org
0
Comments
-
LOL
Sorry........
No your interest is calculated only on the time it is actually on deposit with the institution... i.e. on a daily basis.0 -
deemy2004 wrote:LOL
Sorry........
No your interest is calculated only on the time it is actually on deposit with the institution... i.e. on a daily basis.
That's the sort thing they can have trouble grasping at the Financial Times too, y'know!.....under construction.... COVID is a [discontinued] scam0
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