Easy Access Cash ISA questions

CashMoney

Hi would like some questions answered please:
(1) Is there a limit on how many times you can transfer an ISA from one ISA provider to another ISA i.e. if you find a better rate? I know fixed will be fixed for whatever the term is but what about an easy access to easy access?
(2) What happens to the interest accumulated over however many months of the year it's been in with previous provider? Do you still get that at end of year/maturity if you've transferred from that provider to another during the year? i.e. transfer to provider B after being with provider A for 8 months, do I get the interest for the 8 months with provider A?
(3) What happens if you transfer an ISA to an easy access savings account that pays more? Do you lose any interest accumulated from however many previous ISA years?

Sorry if any of these questions sound stupid. I have an ISA and this will be the first time I will be transferring it.
Thanks

colsten

1. No
2. Assuming you request transfer of the entire balance, interest earned up to transfer date gets added to the transferred balance
3. you don't lose interest already earned.

CashMoney

Hi colsten, thanks for replying. Still a little confused with Q2. So does provider A forward the interest onto provider B? Because I would've already left them and moved onto provider B. So for example I move to provider B in December, what happens to the interest I earned from April-Dec with provider A?

eskbanker

CashMoney said:

Still a little confused with Q2. So does provider A forward the interest onto provider B? Because I would've already left them and moved onto provider B. So for example I move to provider B in December, what happens to the interest I earned from April-Dec with provider A?

At the point of transferring from A to B, A calculates the interest earned up to that date and adds it to the balance, transferring the total balance+interest sum over to B.

CashMoney

Thanks eskbanker for making that easy to understand.