📨 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!

Chip transfer out & pending interest payment

Options
I’m planning to transfer out my Chip ISA, and being aware that I can only do a full transfer (and thus closure) I’m trying to work out what will happen to the “pending interest” on my account. Does anyone know if this gets paid on closure, or will I fully lose it? I’m struggling to find reference to this in the T&Cs or in any other forum posts. Thanks.

Comments

  • la531983
    la531983 Posts: 3,137 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Cant help with Chip but whenever Ive closed a savings account that pays out monthly, they have paid the interest so far that month out at the same time as the account closure. You would think this would be no different,
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
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.