Interest on ISA?

Miss_Poohs

Hi there quick question for those in the know.

The interest from last years Halifax ISA (£98.41) has been paid, bringing the total to £5738.41 - do I just leave it at or do I need to move out the £98.41 interest paid, to another account?

I'm planning to pay in this years allowance to a 3yr fixed term Haifax ISA.

Just not sure what happens with the interest.

Thanks in advance

chucknorris

Miss_Poohs wrote: »

Hi there quick question for those in the know.

The interest from last years Halifax ISA (£98.41) has been paid, bringing the total to £5738.41 - do I just leave it at or do I need to move out the £98.41 interest paid, to another account?

I'm planning to pay in this years allowance to a 3yr fixed term Haifax ISA.

Just not sure what happens with the interest.

Thanks in advance

Leave it there because the interest also has ISA status.

I'm also probably going to save in Halfax's 3 year 3% cash isa, I hung on for a day or two just in case a better one was offered (I wasn't very hopeful). As that didn't happen I will probably open it today.

Miss_Poohs

Thanks chuck - same as me with the halifax situation, its the best I can see, so I'll go with that.