• Looking for a smarter way to manage your heating this winter? We’ve been testing the new Aqara Radiator Thermostat W600 to see how quiet, accurate and easy it is to use around the home. Click here read our review.

ISA rules?

Joined
30 Dec 2018
Messages
27,615
Reaction score
5,858
Location
Up North
Country
United Kingdom
I have a newly opened current account (Kroo) earning interest, and an attached to that - quick access ISA account, into which I plonked my £20K limit, that account also earns monthly interest, so it has already had some interest added to the £20,000. Does that interest count towards the limit, and would I need to withdraw it each month, or can I safely leave the interest in the ISA part of the account, please?
 
No, doesn't count.
You can leave it there and also transfer it when you find a better offer.
Of course read the t&c of your existing ISA in case there are fees for early withdrawals.
 
Back
Top