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When it says "Interest paid annually"
sydney2002
Posts: 64 Forumite
Folks, when an ISA says "Interest paid annually" if you had say £5000 in the ISA for only 3 or 6 months, does it mean you do not get paid any interest.
If you withdrew the £5000 after say 6 months. No interest would be given ?
Apologies if sounds dumb question
If you withdrew the £5000 after say 6 months. No interest would be given ?
Apologies if sounds dumb question
0
Comments
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For a 'standard' account, interest may be paid annually or upon closure, whichever occurs first.
Did you have a particular product in mind?0 -
The Defined Access E-ISA account from Virgin Money, currently paying 1.56%, which seems to be the best out there.0
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Interest is usually calculated daily but paid either monthly or annually.: )0
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Flobberchops wrote: »Interest is usually calculated daily
Not just usually, but always0 -
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