Monthly Income ISA - Anyone Found One?
Monthly Income ISA - Anyone Found One?
Author
Discussion

DSLiverpool

Original Poster:

16,532 posts

232 months

Friday 21st March 2014
quotequote all
I intend to cash out of premium bonds and put £15k into an ISA asap that pays a monthly income and spend the monthly interest (£25 or so) on scratch cards, I deem this more fun than winning sod all on the premium bonds.
However I have not had much look finding a monthly income ISA - anyone?

dirtbiker

1,415 posts

196 months

Friday 21st March 2014
quotequote all
Mine is a cash ISA with NatWest and pays the interest monthly - not sure if they still offer that particular product but worth a look.

SO27

653 posts

241 months

Friday 21st March 2014
quotequote all
Virgin Money will also pay interest monthly on ISAs.

You may be better off putting it into a Nationwide or Santander 123 current account paying 5% or 3% so even after tax you can earn more than an ISA paying about 1.6%.

DSLiverpool

Original Poster:

16,532 posts

232 months

Friday 21st March 2014
quotequote all
Ive decided to self fund the scratch card trip - get interest yearly but spend my own money monthly to buy the cards. I shall post my results!!