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Annual Interest on Flexible ISA

raemondos

raemondos Posts: 2 Newbie

First Post

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6 August at 11:45AM edited 6 August at 6:31PM in ISAs & tax-free savings

I'm looking to take out a flexible ISA, with £20,000 of savings. I might not have the money in the ISA for the full year. If the interest is paid annually, will I get interest on the money that was in the account for the period of the year that it was there?
Thanks.

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Comments

eskbanker Posts: 37,635 Forumite

6 August at 11:47AM

Yes, unless the product has any unusual terms, interest will be calculated based on the balance each day.

1
raemondos Posts: 2 Newbie

6 August at 5:05PM

Thanks - that's been very helpful.

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