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What is interest paid on?

Hi,
I have a junior ISA for my little one. What is the interest paid on? The total amount you have in the account or the amount you have paid in that year?
Thanks

Comments

  • molerat
    molerat Posts: 36,297 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 17 August 2020 at 2:29PM
    Interest is (usually) calculated on the daily balance and paid as per the t&cs - usually monthly or annually.

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