Can we talk about LISAs (Lifetime ISAs)?

Ah, that’s it. Must have missed the end date.

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Just opened it with £3k, do you have to do the weekly contributions?

See above.

I can’t see where to turn them off on there, that’s why I asked :slight_smile:

Edit: I worked it out, just change the weekly deposit to £0. It was telling me it had to be a minimum of £2 the first time I tried.

Ah sorry I missed your post! Got there first!

Just had an email that the interest will be going down to 1%

Havent receieved an email yet. So is this another drop from the 1.1% that only recently went live?

Recieved it today at just gone half 1 for the LISA from 1.25%

Oh yeah well mine already went live from 1.25 to 1.1% there last week. Was informed of that drop about a month ago.

Only had my account a week so we’re probably on slightly different cycles/rates.

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Thank for this, I actually didn’t know. I originally started this towards my first house but soon realised that 450k limit will be hard to meet in London. I’m going to investigate further and probably withdraw them. :slight_smile:

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Anyone surprised by the large average

You can only put 4000 a year in but both the average before and after covid are a lot higher than average

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