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Cash Isa question

5 replies

raisinbran · 27/10/2008 18:52

I'm finally taking control of my finances and plan to get a cash Isa.

However are there products that pay a better rate for putting the whole 3,600 pounds in one go or will it be the same if I put in 1800 pounds and then top up monthly until April 09.

Any advice most welcome

OP posts:
Scootergrrrl · 27/10/2008 18:55

I think the interest is calculated yearly rather than monthly so it doesn't make any difference but I might be wrong....

dilemma456 · 27/10/2008 19:42

Message withdrawn

raisinbran · 28/10/2008 17:34

Many thanks for your input. I think I'll go for a cash isa and just put a lower amount in to start.

OP posts:
moshie · 29/10/2008 19:12

I think you'd be better off putting it all in in one go, I was told that even though interest is paid yearly it is calculated weekly or monthly, can't remember which, sorry. But you'd earn more interest the longer the money is there, basically.

chocolateteapot · 29/10/2008 19:14

I think it depends on the ISA. One of mine pays the interest monthly and the other one pays out annually.

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