Two isa opened in different years

Zack98_2

Hi,
I have an ISA opened years ago with Bank1 and its empty and its set for yearly paid interest.
Recently I opened another ISA with Bank2 and put it 5100 for this year and this bank paying me interest monthly.
Now this is my question,

Can I take interest from Bank2 till 31st March 2011 and then take out that money from Bank2 and put that money to Bank1 to get yearly interest from Bank1?

Thanks in advance for reply

blueberrypie

You only get paid interest for the period that the money was in the account. So if the money was in the account for 10 days, you'd get 10/365 of the amount it would make in 365 days. They don't just look at the balance on the anniversary date of the account and calculate the interest on that.