Stephen

Thank you for your response. Upon looking more closely at the terms of the accounts, I can choose to have the interest sent to another account which I can access. I chose to have the interest credited to the same account. As there is the option to have access to the interest, does this mean it is treated as being available when credited to the account? Or, if I chose to credit it to the same account & as a result can't access it until the end of the term, then it is only taxable at the end of the term? If it is the former, then i would only have approx. 4 months interest to count for this tax year (for the 1 year saver ending on 01/08/24), yes? (interest paid between 06/04/24-01/08/24) Thank you

I have a 1 year fixed savings account ending on 01/08/24, I cannot access the money until the end of the term . The interest is paid monthly. On 01/08/24, will it be the whole years interest or approx. 4 months interest that I need to count towards the PSA for this tax year? I have a 2 year fixed savings account ending in November 2025, I cannot access the money until the end of the term. The interest is paid annually. Does all of the 2 years interest, count towards next years PSA?