right opened a isa account with barclays at the start of the fiscal year. Put in £5100 at the stated rate of 3.10% ( barclays goldern isa -issue 2 )
so my calulations were 3.10% interest on 5100 would be £158,
£158/12=£13.16 per month interest.
but for my first month its only £9.87 ( 3rd april-3rd may )
that make the interest rate near 2.2% , so why advertise 3.10%
or am i missing somthing.
as you may have guessed im new to isas.