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Topic starter
My ISA provider pays interest at the end of the tax year. If I withdraw my money as cash before the end of the tax year (e.g. to use as a deposit), will I lose the interest accrued up until that point?
Posted : 14/03/2011 2:47 pm
It depends on the T+C's of your product - could be either depending on what you signed up to.
Posted : 14/03/2011 2:52 pm
There's a difference between accrual dates and payment dates. Your initial paperwork should tell you (probably says interest is calculated on a daily basis but is compounded annually).
Phone them up and ask.
Posted : 14/03/2011 2:52 pm
Topic starter
Okey doke, will check it out. Thanks.
Posted : 14/03/2011 2:57 pm