We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Abcdefghij

saver776
saver776 Posts: 30 Forumite
Fifth Anniversary 10 Posts Name Dropper
edited 8 October 2022 at 6:12PM in Savings & investments
Abcdefghij

Comments

  • eskbanker
    eskbanker Posts: 39,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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!
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.