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ISAs with monthly interest (and possibly some access as well)
mhoc
Posts: 19,335 Forumite
Not sure if this is even a possibility or whether such an ISA exists but has anyone got any suggestions as to cash ISAs which add the interest on monthly.
This is for new funds (but possibly I can also transfer an ISA from a previous year across).
Ideally I would like easy access and fixed rate but I know this wont be possible so maybe a few withdrawals allowed per year without penalty (in case of dire emergencies)
Also ideally one that I can add new funds to throughout the year- not just in the initial month.
MY OH has an ISA - which is an accumulation of 2 years ISAs, fully funded which he has opted for monthly interest (even though the interest rate is slightly less)
Its quite satisfying to see the interest going on each month and the total gradually increase.
Thanks in advance for nay suggestions.
This is for new funds (but possibly I can also transfer an ISA from a previous year across).
Ideally I would like easy access and fixed rate but I know this wont be possible so maybe a few withdrawals allowed per year without penalty (in case of dire emergencies)
Also ideally one that I can add new funds to throughout the year- not just in the initial month.
MY OH has an ISA - which is an accumulation of 2 years ISAs, fully funded which he has opted for monthly interest (even though the interest rate is slightly less)
Its quite satisfying to see the interest going on each month and the total gradually increase.
Thanks in advance for nay suggestions.
“Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”
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Comments
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My Trading 212 Cash ISA adds the interest to the balance monthly. You also get info on the daily interest being earnt through the month. You can scroll across the page to view a graph of how your money has grown from inception.0
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