We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
No, you'll only receive interest for the period the money is actually in the account. If the money is not in the account in months 1-10 then why would the bank give you any interest on it?
If you have the £5340 now and are in a position to put it all in the ISA then that is what you need to do to maximise your interest.
Ah I think I get it, but if I put £5340 in Month 11, wouldnt the interest I get at the end of that month just be the same amount as if I put in £488 in each month.
Does the interest not work out the same at the end of the day?
I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
