We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Help to buy ISA maximum saving
sammylj
Posts: 1 Newbie
Does anyone know what happens if you save more than £12000 into a help to buy ISA due to having a direct debit set up. Can you still continue to save more into it and gain interest on it but still obviously just receive £3000 bonus?
0
Comments
-
Yes, you can continue to increase the balance, earning interest but without accruing any further bonus entitlement, unless there's anything in the product-specific Ts & Cs contradicting this. HSBC pays a miserly 0.01% on the amount above £12K (thereby making it uneconomic to continue adding funds that could earn significantly more interest elsewhere) but I think they're alone in differentiating in that way....1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards