how often does an isa pay out?
Discussion
Ive just got a isa with my own bank, its 3% interest p.a.
I put money in 5 days ago and on the 1st of this month i got paid 50pence interest, if the interest is paid monthly then i dont think ive recieved enough? there is £2000 in there, or does it depend how long the money is held in the account?
I put money in 5 days ago and on the 1st of this month i got paid 50pence interest, if the interest is paid monthly then i dont think ive recieved enough? there is £2000 in there, or does it depend how long the money is held in the account?
k...
Mr Trophy said:
Hardly.
If it's that much of an issue, lump it in funds which don't have much risk.
Shirely better than getting £0.50p interest no?
1) What income would you expect on a stocks and shares ISA for 3 days??If it's that much of an issue, lump it in funds which don't have much risk.
Shirely better than getting £0.50p interest no?
2) What low risk investment would you choose instead of cash, and what income would you expect to achieve on that over 3 days
????
Mr Trophy said:
sidicks said:
Maybe because of the hugely different risk profile?!
Hardly.If it's that much of an issue, lump it in funds which don't have much risk.
Shirely better than getting £0.50p interest no?
Surely you much take into account the time period over which the 50p was earned and the level of risk.
sidicks said:
1) What income would you expect on a stocks and shares ISA for 3 days??
2) What low risk investment would you choose instead of cash, and what income would you expect to achieve on that over 3 days
????
Not saying I disagree with you at all, however, I'd like to see more of a return of £0.50.2) What low risk investment would you choose instead of cash, and what income would you expect to achieve on that over 3 days
????
Perhaps I Skandia Spectrum fund?
Mr Trophy said:
It's "Shirely" if you're a PH'er for more than 48 months....
Ta, I'll bear that in mind next month. 
Mr Trophy said:
Not saying I disagree with you at all, however, I'd like to see more of a return of £0.50.
Perhaps I Skandia Spectrum fund?
Not really comparably to a cash ISA is it? Perhaps I Skandia Spectrum fund?
fandango_c said:
Mr Trophy said:
It's "Shirely" if you're a PH'er for more than 48 months....
Ta, I'll bear that in mind next month. Mr Trophy said:
Not saying I disagree with you at all, however, I'd like to see more of a return of £0.50.
Perhaps I Skandia Spectrum fund?
Not really comparably to a cash ISA is it? Perhaps I Skandia Spectrum fund?
Mr Trophy said:
Not saying I disagree with you at all, however, I'd like to see more of a return of £0.50.
Perhaps I Skandia Spectrum fund?
Even the lowest risk fund (Skandia 3) has 15% in property and 30% in equities.Perhaps I Skandia Spectrum fund?
And what is the current dividend yield on that fund - maybe 4%?
So you'd end up with a return of 63p not 50p.
And you have large mark-to-market risk.
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