abbey esaver direct 6.5%

the_root_of_all_evil

once interest is paid monthly, can i take out the interest or will that count as a withdrawal?

is it possible to move interest automatically via bank transfer?

tradetime

the_root_of_all_evil wrote: »

once interest is paid monthly, can i take out the interest or will that count as a withdrawal?

is it possible to move interest automatically via bank transfer?

Not sure on that one, withdrawing interest would count as a withdrawal but they may let you credit it to another account.
Consider this one if it's a problem.

pcyam

you can ask for the interest to be paid to another account automatically therefore it wouldnt count as a withdrawal, theyre are problems with having interest paid to external accounts on some abbey accounts, so you could open another instant access access eg Flexible saver/bank account, have the interest paid into that and withdrawl/transfer or setup a standing order to go out to an external account.

HTHs

the_root_of_all_evil

i just found out one month on that interet is only paid yearly on this account, i could have sworn that there was a monthly option during sign up, now they say there wasnt????????