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Re Cahoot Sunny Day Saver

pennyfarthing66
pennyfarthing66 Posts: 27 Forumite
Third Anniversary 10 Posts Name Dropper
edited 13 April at 3:25PM in Savings & investments
Apologies if I've missed the answer to this elsewhere.
Is the maximum £3k for interest purposes referring to capital only, or would it include any compounded interest?
Thanks.


Comments

  • masonic
    masonic Posts: 26,866 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It refers to the maximum balance upon which you will earn interest.
  • where_are_we
    where_are_we Posts: 1,209 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I choose annual interest payment over monthly interest payments. Anything above £3000 capital balance earns 0%. Simpler for HMRC interest calculations and also who needs the extra work every month of skimming off a small interest payment.
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