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Al Rayan fixed term products question
lucky77
Posts: 218 Forumite
Thinking of opening a 3 year fixed term bond. I would prefer interest/profit to be paid annually for tax purposes but this does not appear to be an option. Product information states:
When you make your application, you can choose to have your profit paid quarterly or on maturity.
Does anyone know if you opt for quarterly payments whether this is paid into the account or has to be paid to an external account?
I tried asking the question on their online query form but it would not submit.
When you make your application, you can choose to have your profit paid quarterly or on maturity.
Does anyone know if you opt for quarterly payments whether this is paid into the account or has to be paid to an external account?
I tried asking the question on their online query form but it would not submit.
0
Comments
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Paid quarterly it is to a nominated external account. We recently received payment to our current account.0
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