Ewan Hardman
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RE: Tax on savings interest for notice accounts
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Tax on savings interest for notice accounts
I have a 90-day notice account that pays interest at the end of every month; it is accumulated within the account and not paid out. Since I cannot access this interest until 90 days have elapsed, does this mean that interest added to the account in January, Febrruary and March should not be included in that tax year, but the following tax year?