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Moving money between savings accounts to increase returns

GHW · 2023-01-08 11:42:26

This is probably a dumb question but I’ll try. Please don’t flame me if it’s ignorant! I have two easy access savings accounts that pay out interest on different days of the month. if I transfer all my money into one account the day before interest is due will I receive interest on that full amount? I can’t find info on…

Comments

Johnjdc Posts: 399 Forumite

8 January 2023 at 4:59PM

You can do this in the original Sim City - massively increase taxes on the day citizens pay tax, then cut them to zero to boost the economy and the game engine doesn't realise what just happened. It would not work in the real world.

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