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    What if my Cash Lisa has been open for 12 months?Once your Cash LISA has been open for 12 months and you have received your bonus interest payment, only the variable interest rate, currently 3.50% AER variable, and the 25% government bonus will apply to the account going forward.
    When can I put money in my Lisa?You can continue to put money into the LISA until the day before your 50th birthday (once you're 50 or over you'll continue to get interest or investment growth/losses but you won't be able to pay in any more). If you want to transfer it to a new provider, for example to get a better interest rate, this is allowed – and you can add to it then.
    What happens if I Close a Lisa account?Interest is calculated daily but only credited annually, so you'll get the correct amount (pro rata annual amount) when the LISA is closed. The interest will be paid whenever the T&C say it will be paid, but if you close an account you won't 'lose' any interest that's been accruing daily even if it has not been applied to the account.
    How much money can you deposit into a Lisa a year?Up to £4,000 can be paid into LISAs each year, with no tax to pay on any interest, capital gains, or dividends earned. They can be opened by UK residents aged between 18 and 39, and holders can continue to make deposits until their 50th birthday. A key appeal is the chunky government bonus on offer.
  4. WebMay 1, 2024 · The 25% bonus on your Lifetime ISA will be paid monthly and you can earn interest on the total amount in your account. However, the interest earned does not count towards your £4,000, so you can't use it …

  5. WebApr 5, 2024 · When is the bonus paid? The bonus is paid every month, so you benefit from compound growth (where you earn interest on your interest as well as the cash you've put in).

  6. When does the interest on my Cash Lifetime ISA get paid?

  7. WebYour bonus will be paid into your account within 14 days of the 20th day of month two. Got more questions about Lifetime ISAs? Try our LISA FAQs page. Next steps. Ready to apply? View full product details of our …

  8. Lifetime ISA | Full Guide & Best Rates - Moneyfactscompare

  9. WebA Lifetime ISA is a flexible way to save and invest for your first home or retirement. You can open one if you’re between 18 and 39 years old.

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  10. Open a Cash Lifetime ISA | 4.40% LISA Savings With Moneybox

  11. How does the Cash Lifetime ISA bonus interest rate work?

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