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Contribute more than 12k to Help to Buy ISA with Barclays
the_learner
Posts: 183 Forumite
Hi, I have recently reached a total contribution of more then 12k to my Help to Buy ISA with Barclays. The Government will pay 25% up to 3k so 12k is the max contribution to get the bonus.
But since Barclays pays 1.25% on this ISA does it make sense for me to keep contributing £200/month to this? Will Barclays pay that interest rate on the whole amount I have contributed even if higher than the 12k that the Government considers as max contribution?
But since Barclays pays 1.25% on this ISA does it make sense for me to keep contributing £200/month to this? Will Barclays pay that interest rate on the whole amount I have contributed even if higher than the 12k that the Government considers as max contribution?
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Comments
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Yes and Yes.
12k isnt the max contribution, it’s the maximum amount you’ll be able to get the Gov 25% bonus on. So you will continue to earn interest on the entire balance, even if it exceeds 12k."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
You might wish to consider using a Lifetime ISA instead of a HTB ISA if you're unlikely to be buying for a few more years, as it offers greater bonus-earning potential....0
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