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Stupid Question?

I have had a cash ISA for a few years now and having recently checked its interest rate I am in the processes of swapping it from one account to another that pays a better rate with but with the same provider. My question is; usually my interest is credited every March so what will happen to my interest earned upto date? will i be credited up to the transfer date or will it be credited in march as usual or do i lose out?

Thanks in advance!

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    It will be calculated to the date of transfer and included in the 'new ISA as a capital sum' unless there is some specific provision otherwise as you are using ther same provider.
  • cube101
    cube101 Posts: 24 Forumite
    thanks, thought that would be the case but wasn't sure.
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