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How can I calculate if my monthly ISA interest is correct?

whalemoney · 2024-12-02 19:55:43

Hi I have an ISA £79,767.34 with a rate that is now currently at 4.5%. Last months interest was £266.65. How can I calculate if that's correct? It doesn't seem correct as I have a Chase Saver with 25k in it and that earned £92.98. Considering that's only a third in the Chase Saver than the ISA, I don't get why the ISA is…

Comments

masonic Posts: 29,727 Forumite

10 December 2024 at 7:20PM edited 10 December 2024 at 7:24PM

I know how crazy this is going to sound, but if you check out the key product information (and if you're feeling really adventurous, take a look at the T&Cs), you can find out about at least some of these undesirable features (transfers in earning a lower rate, bonus interest being held back until you've had the account for a year, etc) before you open the account and commit £80k of your money.

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