LISA and interest rate

Sukveer_Sehra

Hi all, apologies if this is a repeated asked and answered topic but being that we’re nearly at the end of the financial year and full deposits need to be made for LISA’s, are we still getting the full 25% bonus from the government. Just thought of the dropped interest rates and I understand this affects the interest rate from the building society but does it also go onto the £1k bonus? 
Thanks all, hopefully that makes sense. 
Keep safe,
Suki

Alexland

Yes the 25% is based on the contribution value, not when the money was added during the tax year. Any interest rate reduction will apply to the account balance (which will eventually have the bonus added) on any given day.