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INTEREST

i have a question that i need answering..........

if i open a savings account with a bank and they give me an introductory rate of 6% for say 6 months and they pay the interest on the anniversary that the account was opened, how do i get paid my interest if i move my money to another account when the six months is up?
Aoccdrnig to a rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht frist and lsat ltteer is at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae we do not raed ervey lteter by it slef but the wrod as a wlohe.

Comments

  • chico
    chico Posts: 147 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    If you close your account, you get the balance plus the interest accrued.

    You do not get your interest until the anniversary date if you move your balance but leave the account open.
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