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Monthly Interest on Fixed Rate Bonds - "The Good, the Bad and the Ugly"
KeithEssex_2
Posts: 224 Forumite
Why do so many of the fixed rate bonds offer either maturity interest or only the option to have monthly interest but only if it is paid away to another account (or even another Bank/Building Society) ?
If they offer the same AER as the annual/maturity option then why don't they want to add the money to your balance on the account ? It's really annoying !
The reason that I would like monthly interest re-invested is reduce my tax liability in 2009/10 by taking as much interest income in the current tax year.
The Good - Monthly Interest Re-invested Option
* Chelsea Building Society
* ICESAVE
The Bad - Monthly Paid Away Option
* Yorkshire Building Society
* Nationwide
The Ugly - Maturity Interest Only
* Kaupthing Edge
* Halifax
Does anyone know any other "Good" guys ?
If they offer the same AER as the annual/maturity option then why don't they want to add the money to your balance on the account ? It's really annoying !
The reason that I would like monthly interest re-invested is reduce my tax liability in 2009/10 by taking as much interest income in the current tax year.
The Good - Monthly Interest Re-invested Option
* Chelsea Building Society
* ICESAVE
The Bad - Monthly Paid Away Option
* Yorkshire Building Society
* Nationwide
The Ugly - Maturity Interest Only
* Kaupthing Edge
* Halifax
Does anyone know any other "Good" guys ?
0
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