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NatWest or RBS ISA (matures 12 Jun 2024)
gesdt50
Posts: 150 Forumite
Hi all, for Natwest or Rbs they say the ISA product (matures 12 Jun 2024); as its only the start of May and the Isa tax year ends on 6th April 2024 - wouldn't the mature date be earlier? Why would it please if anyone can advice be to the extended date of 12 June 2024?
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They can set terms however they want, equally consumer can choose whether to take out product.gesdt50 said:Hi all, for Natwest or Rbs they say the ISA product (matures 12 Jun 2024); as its only the start of May and the Isa tax year ends on 6th April 2024 - wouldn't the mature date be earlier? Why would it please if anyone can advice be to the extended date of 12 June 2024?
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I'm not an expert, but seeing as the first response was totally unhelpful,
maybe......
As an ISA is not taxed, it makes no difference for tax purposes. You will be able to fund another ISA any time in tax year 24-250 -
bristolleedsfan said:
They can set terms however they want, equally consumer can choose whether to take out product.gesdt50 said:Hi all, for Natwest or Rbs they say the ISA product (matures 12 Jun 2024); as its only the start of May and the Isa tax year ends on 6th April 2024 - wouldn't the mature date be earlier? Why would it please if anyone can advice be to the extended date of 12 June 2024?If they could set the terms however they want, in that case they could go up to 3-5 years and more rather than 14 months to maturity!0 -
Some fixed rate ISAs do mature after multiple yearsgesdt50 said:bristolleedsfan said:
They can set terms however they want, equally consumer can choose whether to take out product.gesdt50 said:Hi all, for Natwest or Rbs they say the ISA product (matures 12 Jun 2024); as its only the start of May and the Isa tax year ends on 6th April 2024 - wouldn't the mature date be earlier? Why would it please if anyone can advice be to the extended date of 12 June 2024?If they could set the terms however they want, in that case they could go up to 3-5 years and more rather than 14 months to maturity!
I'm not quite sure if I fully understand your point/questionIf you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
It is not uncommon for a fixed rate ISA to have a specific end date which does not match stated number of year(s)/ time period) from deposit,gesdt50 said:bristolleedsfan said:
They can set terms however they want, equally consumer can choose whether to take out product.gesdt50 said:Hi all, for Natwest or Rbs they say the ISA product (matures 12 Jun 2024); as its only the start of May and the Isa tax year ends on 6th April 2024 - wouldn't the mature date be earlier? Why would it please if anyone can advice be to the extended date of 12 June 2024?If they could set the terms however they want, in that case they could go up to 3-5 years and more rather than 14 months to maturity!
I took out advertised as 5 year ISA at the end of November 2022 which matures March 2028
Grateful to you for re-quoting screenshot that I posted which graphically explains/shows why Natwest 1 and 2 year fixed rate ISA has different maturity date to what might be expected by some consumers.
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According to Moneyfacts 6 (Six) savings providers are currently offering higher ISA 1 year fixed rate than Natwest Bankbristolleedsfan said:
They can set terms however they want, equally consumer can choose whether to take out product.2
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