Clivers

having followed this thread with interest, as rates are rising it brings up a few questions as to when interest is taxable on bonds and maturity. If you pay on maturity then you could be bumped up to become a higher rate taxpayer and loose £500 of the personal savings allowance and pay 40% tax on interest over the basic rate! if you take it monthly then it might be enough to keep you under the limit and keep an extra £500 of the personal savings allowance and pay the lower rate of tax? I'm borderline this so it may pay to have the interest paid to my current account and pay the tax in the current year? I can then save this in an easy access account at a slightly lower rates hence keeping more money and paying less tax?