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Using a savings account to add interest to Cash ISA

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  • surreysaver
    surreysaver Posts: 4,828 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    RayWolfe wrote: »
    I doubt you were told that a deposit put in a few days before the interest was payable would attract a whole years worth of interest. I suspect you misunderstood what you were being told.

    Or an incompetent, or untrained member of staff.
    I consider myself to be a male feminist. Is that allowed?
  • Interest is normally calculated daily and paid either monthly or annually.
  • hougtimo
    hougtimo Posts: 107 Forumite
    RayWolfe wrote: »
    I doubt you were told that a deposit put in a few days before the interest was payable would attract a whole years worth of interest. I suspect you misunderstood what you were being told.
    I'm not trying to get at you, so please don't take offense but I the conversation took place over a year ago, I did question it at the time but was reassured this was the case. I don't remember it in detail...it's just another one of life's conversations.

    I came here to seek clarification which I have now received, so thanks for that :) However I certainly think surreysaver is along the right lines.

    Tim
    Current STP Earnings - £63.00| OnePoll Earnings - £12.90
    Debts : £1500 HSBC Credit Card | £350 HSBC Overdraft
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