A trick for accessing Zopa's interest when needed

sgog

Zopa, which currently offers the top rate for easy access which is open to everyone, is paying the interest monthly.

I noticed that the following trick can give one access to the accrued interest in the middle of the month.

Simply create a pot other than the primary and put the money into it.
Then, when you need to access the interest you can close this pot and have it's balance + interest transferred to the primary pot, without having to wait till the end of the month.

This doesn't apply to notice pots until they become accessible.

wiseonesomeofthetime

Hardly a trick. It's standard with all conventional savings accounts!

sgog

wiseonesomeofthetime said:

Hardly a trick. It's standard with all conventional savings accounts!

I'd love to know how you do something similar with Chip.

flaneurs_lobster

wiseonesomeofthetime said:

Hardly a trick. It's standard with all conventional savings accounts!

It's a lot more faff closing (and opening) a regular savings account than a Zopa pot.

wiseonesomeofthetime

flaneurs_lobster said:

wiseonesomeofthetime said:

Hardly a trick. It's standard with all conventional savings accounts!

It's a lot more faff closing (and opening) a regular savings account than a Zopa pot.

Still doesn't make it a trick 

sgog said:

wiseonesomeofthetime said:

Hardly a trick. It's standard with all conventional savings accounts!

I'd love to know how you do something similar with Chip.

Who would claim Chip as a "conventional savings account"?