yearly or monthly Intrest

KUXXXY

Hello

I want to invest around 500 in an Isa, would i be better of if i got a monthly intrest paid ot yearly intrest paid.

As Barclays are doing an Isa for 6.5% with yearly intrest paid and
ING Direct are doing 6.55% for the first 6 months then 6% with a monthly intrest paid, Can anyone help me im so confused.
:rolleyes:

LittleVoice

Easiest way of deciding is to look for the AER % rates which both should indicate in their marketing.

Without looking at the details of these two ISAs, I would guess that Barclays is better - especially for the long-term. Only advantage I would see for ING is if you thought you were going to make a withdrawal (which you can't re-pay into the account) soon after the six-month point.