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Help with understanding ISA please
the-mango
Posts: 818 Forumite
I have a Santander 3.3% instant access ISA opened on 27/3/12 and 5340 was put in it. It has a bonus on it so the rate will drop on 27/3/13 and I will move to a new ISA
Interest is paid annually so does that mean if I now put in 5640 in it (as this years aallowance) I will receive the interest on 5340 for 7 months and the interest on 10980 for 5 months?
Interest is paid annually so does that mean if I now put in 5640 in it (as this years aallowance) I will receive the interest on 5340 for 7 months and the interest on 10980 for 5 months?
0
Comments
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seems like you have your dates confused! the bonus lasted 0 days!I have a Santander 3.3% instant access ISA opened on 27/3/12 and 5340 was put in it. It has a bonus on it so the rate will drop on 27/3/12 and I will move to a new ISA
Interest is paid annually so does that mean if I now put in 5640 in it (as this years aallowance) I will receive the interest on 5340 for 7 months and the interest on 10980 for 5 months?
glad tohelp
fj0 -
oh dear... you got my point though didn't you?bigfreddiel wrote: »seems like you have your dates confused! the bonus lasted 0 days!
glad tohelp
fj0 -
Interest is always 'calculated' daily, and paid either monthly or annually.0
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