quick advice for mini-ISA's

vickyfrance

I posted a few wks ago but could do with any quick answers.

Going to put £3000 into a mini-ISA within thw next week but will be drawing it all out towards the end of this year.

I know the end of the tax year is April, will i get paid the interest on the £3k this year? (I know it may sound a stupid question)

Lavendyr

Interest will accrue from the day you deposit the money. You won't get a full year's worth of interest if that's what you're asking, you'll get it for the time the money's in the account, and you'll get it in April.

Lokolo

Lavendyr wrote: »

Interest will accrue from the day you deposit the money. You won't get a full year's worth of interest if that's what you're asking, you'll get it for the time the money's in the account, and you'll get it in April.

Just to state, not all banks etc. pay ISA interest in April, some pay it when the ISA matures, for example, Eggs ISA does.

Lavendyr

Apologies, Lokolo is quite correct.