Cash ISA after the annual interest payment date.

JL_MSE

Hi,

In November I opened a Virgin money defined cash ISA that paid annual interest on March 11th.

Am I correct in saying after this date it wont earn any more interest?  

I've looked in the product info. datasheet and nothing is mentioned.

Thanks

badger09

JL_MSE said:

Hi,

In November I opened a Virgin money defined cash ISA that paid annual interest on March 11th.

Am I correct in saying after this date it wont earn any more interest?  

I've looked in the product info. datasheet and nothing is mentioned.

Thanks

BIB No
It will continue to earn interest. Next interest will almost certainly be credited on the anniversary of opening. Suggest you look again at the T&Cs.