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Interest earned when switching away from Santander
reedy16
Posts: 2 Newbie
Hello,
If switching away from a Santander 123 account part way through a month, is the interest and cashback earned up to the account closing date added to the total transferred to the new provider? Or paid in some other way? Or lost?
Thanks!
Steve
If switching away from a Santander 123 account part way through a month, is the interest and cashback earned up to the account closing date added to the total transferred to the new provider? Or paid in some other way? Or lost?
Thanks!
Steve
0
Comments
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Yes, you'll get it and any cashback up until you move.I presume this is the 123 regular account, you have looked at the Lite? Which will give you the same cashback on the same bills but no interest on the account. Cost £1 a month. You can get (as things stand) better interest on the cashelsewhere:
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
1
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