Using the whole £15K

caveman38

According to the MSE article. I can invest £5,940 now and another £9,060 from July till the end of the tax year 14/15. Can someone tell me if the whole bond will mature at the same time ie. 2 years from the first deposit or will both monies mature at different times?

Archi_Bald

The T&Cs of the account you have in mind would tell you what sort of deposits are possible, whether there is a maturity date and when that date will be.

caveman38

If you invested in a 2-year fixed term account now, it would not mature before April 2016.


I appreciate that. But would the second £9K mature in Apr. 16 if I deposited it in July?

Ed-1

caveman38 wrote: »

If you invested in a 2-year fixed term account now, it would not mature before April 2016.


I appreciate that. But would the second £9K mature in Apr. 16 if I deposited it in July?

The account would mature as a whole (not as separate balances) whenever the T&Cs say it matures. Further deposits are unlikely to alter the maturity date.

dunstonh

many fixed term deposits are run in tranches. So, you get the terms on offer at the point of contribution. That includes the rate and the date. So, you would need to check the terms of the fixed term account that you are looking at.