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cash isa payments monthly or yearly?
black_taxi_2
Posts: 1,816 Forumite
over long term will it make a diff to return if you pay full cash isa allowance yearly upfront or monthly payments by direct debit?
thx
thx
£48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
debt/mortgage free 28/11/14
vanguard shares index isa £1000
credit union £400
emergency fund£500
#81 save 2018£4200
debt/mortgage free 28/11/14
vanguard shares index isa £1000
credit union £400
emergency fund£500
#81 save 2018£4200
0
Comments
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Yes if you pay in one big lump the interest will be calculated on the full amount for the whole year. Unlike direct debit payments which your first month of interest will be on £420, next month £840, etc...0
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Yes, you'll get more interest the earlier you deposit the money.0
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