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Halifax HTB ISA interest

lukea64
lukea64 Posts: 1 Newbie
in Savings & investments
I'm looking to open a Help To Buy ISA (a month late, I know!), The obvious choice is Halifax, but it says the interest is paid annually. Seeing as i'm looking to buy this year and therefore not planning on having the ISA for 12 months (probably 6-10 months), does this mean I would not receive any interest, or would the interest be added upon closure of the account?

If I won't receive interest, which is the next best option? I have already contributed to a hsbc cash isa this tax year

Thanks for your help in advance

Comments

  • eskbanker
    eskbanker Posts: 40,732 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    lukea64 wrote: »
    I'm looking to open a Help To Buy ISA (a month late, I know!), The obvious choice is Halifax, but it says the interest is paid annually. Seeing as i'm looking to buy this year and therefore not planning on having the ISA for 12 months (probably 6-10 months), does this mean I would not receive any interest, or would the interest be added upon closure of the account?
    The latter, the interest would be added on closure.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    lukea64 wrote: »
    I have already contributed to a hsbc cash isa this tax year

    You will have to close the HSBC ISA before you can put any money into the H2B ISA.
This discussion has been closed.
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