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
Isa - Top up
suzi_red
Posts: 3 Newbie
Hi
Can someone tell me is it worth going into my overdraft (slightly) to top up my ISA to get interest on the £3000 and then could I withdraw the money after the 5th April?
Can someone tell me is it worth going into my overdraft (slightly) to top up my ISA to get interest on the £3000 and then could I withdraw the money after the 5th April?
0
Comments
-
You won't get that much interest.... it is more likely to be calculated daily, so the £3000 won't count for the whole year. The interest you will get is the average of the amount you have had over the whole year.0
-
You will only get interest for the time the £3000 is in the ISA, not the whole year.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards