Transferring to a new Internet Saver

Aztecsilver

I have just opened up a new Internet saver as the aer on my existing account is ridiculously low. Will I loss out on the interest in my existing account if I transfer the money now, before the year is up?

withnell

With which bank?

savetilibleed

Aztecsilver wrote: »

I have just opened up a new Internet saver as the aer on my existing account is ridiculously low. Will I loss out on the interest in my existing account if I transfer the money now, before the year is up?

If your existing account pays interest annually to the account and it has just paid you won't lose. Otherwise you'll have to close the account and your money + interest accrued so far will be paid to you. Then you can transfer.

sheslookinhot

Aztecsilver wrote: »

I have just opened up a new Internet saver as the aer on my existing account is ridiculously low. Will I loss out on the interest in my existing account if I transfer the money now, before the year is up?

If the interest is ridiculosly low, why be concerned ? Transfer as soon as you can.