HarversonA Harvey
Joined: 6/27/2024
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interest on fixed term bank accounts
Re declaring interest on fixed term accounts I have several fixed term accounts (some are referred to by the provider as 'bonds'). The interest is paid annually back into the same account so I cannot get access to the interest. Do I declare the interest in the year in which it is paid back into the same account, or in the year in which I actually get access to it?