ISA - Annual Interest

Freefall

Apologies if this is a stupid question. I have done several online searches but cannot find an Answer.

If I take out an ISA with  Interest paid annually but close the account early or transfer the account prior to the annual interest payment, will I get paid interest on the period prior to closure/transfer? 

I am looking, in particular at the Yorkshire BS ISA which seems to be the best ISA for me given that I desire the flexibility. However, it is only available on the basis of annual payment of interest. I cannot find the answer to my question on their website.

Any help would be appreciated. 

Albermarle

If I take out an ISA with  Interest paid annually but close the account early or transfer the account prior to the annual interest payment, will I get paid interest on the period prior to closure/transfer? 

Assuming you are talking  about an easy access account, the answer is yes , you will be paid all interest accumulated to the day of withdrawal.

Obviously if it was a fixed term savings account , there would be a penalty for withdrawing early before the fixed rate period ended.

soulsaver

For 'interest paid annually' understand that to mean 'not paid monthly', which would be a different interest rate, or maybe not an available option.