ISA transfer, different amount?

Rtj123

I’ve recently transferred an isa into a new bank account after my 1 year fixed isa ended. I decided to take out £1500 before it got moved and put into my other account as need this for other things. I then requested my new bank to take all of the amount left in my ISA and transfer to new account. I’ve had the money go in today and for some reason I have gained £5.16 to the total amount.? I’m baffled as to how this has been done. Does anyone have any ideas what could have happened? The new account gives my interest at the end of the fixed rate year.

mebu60

Interest on the old account balance between the end of the fix and the date of transfer?

Ch1ll1Phlakes

mebu60 said:

Interest on the old account balance between the end of the fix and the date of transfer?

I imagine once your account matured it converted to an easy-access ISA which would still pay interest. As much as this account may pay interest at the end of the year, often if you read the T&Cs you will see that interest will also be paid at closure, i.e. when the remaining funds in the ISA were transferred. 

If your still a bit confused by this send another post. Thanks