I would like to know how interest is calculated on the e-ISA after a withdrawal of some money before maturity. Is interest calculated daily and credited monthly?
You can make part-withdrawals from the e-ISA with no loss of interest. Interest on the balance in your account is calculated on a daily basis and is tax free - his includes the interest on the bonus. The interest you earn is credited back to the account on 31 August.
Details correct at 22 March 2011.
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