Calculating interest on e-ISA accounts

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How is interest calculated on an e-ISA after a withdrawal?

  • Mrs Ho You asks:

    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?

  • Nationwide replies:

    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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