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PSA and NS&I Growth Bond
DennisTenus
Posts: 483 Forumite
Hi,
I currently have a 3 year NS&I Growth Bond at 2.2% which matures in 2021.
I'm over my PSA every year, so will end up loosing 40% of that 2.2% so actually will end up with 1.32%, so am I actually better off selling it early, loosing 90 days interest and putting it in my cash ISA paying 1.5%?
I assume that NS&I would report the actual amount of interest they pay me to HMRC, ie. minus the 90 days interest I would loose from selling it early?
Thanks
I currently have a 3 year NS&I Growth Bond at 2.2% which matures in 2021.
I'm over my PSA every year, so will end up loosing 40% of that 2.2% so actually will end up with 1.32%, so am I actually better off selling it early, loosing 90 days interest and putting it in my cash ISA paying 1.5%?
I assume that NS&I would report the actual amount of interest they pay me to HMRC, ie. minus the 90 days interest I would loose from selling it early?
Thanks
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