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Easy Access ISA Question
Rusty190
Posts: 217 Forumite
I currently have an easy access cash ISA with Kent Reliance which pays interest annually rather than monthly. What happens regarding interest if the ISA funds are transferred before 12 months have elapsed?
I've never dealt with easy access before - I usually opt for fixed rate hence my ignorance.
I've never dealt with easy access before - I usually opt for fixed rate hence my ignorance.
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Comments
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If you do a full transfer, the interest earned up to the transfer will be added to the balance and transferred with it. Interest is earned daily, even though it's only credited annually.
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