We'd like to remind Forumites to please avoid political debate on the Forum... Read More » 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!

Fixed year bond that only pays interest at Maturity

Apollo22 · 2025-03-18 09:12:57

I want to move my savings into a 3 year bond. At that point I expect to retire. However, my preference is to have the interest at maturity,not annually. Is there such an account. Everyone I have called and tried all say the interest is paid annually. thanks

Comments

TheGreenFrog Posts: 373 Forumite

14 April at 3:16PM edited 14 April at 3:17PM

Less of an issue if you are on self-assessment, as it is then up to HMRC to challenge and as long as you have retained proof of the account terms showing that interest is added to the account and paid at maturity you should be OK.

0