Keeping Moneybox accrued interest (eight months)

fepow

I am hoping to transfer my CASH ISA out of Moneybox (into tr212)

Interest appears to accrue each day on Moneybox, but I don't get the feeling the interest officially belongs to me?

When I clicked 'withdraw' just out of interest, it showed all the interest and an additional sum both deducted.

I won't be withdrawing, I will be transferring to a different provider, but this has made me wonder if I will still be able to keep the interest accrued up to that point.

Do I have to wait for my moneybox annual anniversary for it to mature? Or can I transfer now and keep the interest? I read somewhere that moneybox pays annually, even if it shows the theoretical daily interest.

Thanks for any help

eskbanker

The interest is yours to keep - if the account is still open when the year is up it'll be added then, but if you close it before then, it'll be added on a pro rata basis.

fepow

Okay thank you, I was not sure and worried that I would just lose all the interest as it doesn't appear to have been deposited into the account