Home› Advice

ISAs

[Deleted User][Deleted User] Posts: 2,958
Forum Member
✭✭✭
in Advice #1
Hi

I was wondering if anyone could help answer a question for me about ISAs as I am new to them. If you take out a 1 year fixed ISA now (paid at the end of the term, calculated daily), will your interest be calculated from the day you take it out until the same day next year or are you only getting interest up until the end of this tax year (April)? I've read the Terms and Conditions but i'm not sure how this kind of thing works for fixed ISAs.


Thanks.

Comments

  • Keefy-boyKeefy-boy Posts: 13,608
    Forum Member
    ✭✭
    #2
    if it is a 1 year fixed rate isa it should be for a calendar year not a tax year
  • [Deleted User][Deleted User] Posts: 2,958
    Forum Member
    ✭✭✭
    #3
    Thank God. Thankyou Keefy Boy. Presumably you'll still be able to open another ISA after April 6th of this year?
  • Keefy-boyKeefy-boy Posts: 13,608
    Forum Member
    ✭✭
    #4
    Vaseline wrote: »
    Presumably you'll still be able to open another ISA after April 6th of this year?
    yep no probs!
Sign In or Register to comment.