We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Abcdefghij
Options

saver776
Posts: 30 Forumite

Abcdefghij
0
Comments
-
In general, yes, as the money stays with the institution concerned and so earns interest for every day that the money is in the account. It would typically only be added to the withdrawal if you're closing the account.
I'm not aware of any accounts that wouldn't work in this way but obviously individual products can have their own Ts & Cs that may take them away from 'normal' practice, so check those Ts & Cs and/or name the account on here!0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards