We’d like to remind Forumites to please avoid political debate on the Forum.
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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
quick advice for mini-ISA's
vickyfrance
Posts: 24 Forumite
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)
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)
Francy
0
Comments
-
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.0
-
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.0 -
Apologies, Lokolo is quite correct.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards