In other words, no tax while your money is earning interest.
What happens, though, if the interest earned is less than 1 percent?
If you put money in a bank or building society some years ago, ask how much interest it is now earning.
And someone else may earn interest on the money in your card.
Will you fight as hard for the right to earn interest on your cash?
Remember, even small amounts can earn interest and add up over time.
After the first year, the program is expected to pay for itself using the interest earned on the trust fund.
The deposits, which total more than $3 billion, do not earn interest.
Savings left in a bank over many years will not be earning great interest.
In addition, they will get other notes to cover interest earned since December.