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Will I be paid interest when I close my ISA?
Energize
Posts: 509 Forumite
If I open an Alliance and Leicester 6.25% ISA, and transfer to another provider and close my ISA in April next year, will I be paid any interest accumulated after January the 1st, considering they pay interest annually?
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Comments
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Interest is accrued daily, therfore you will be paid for each day until transfer or closure.0
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Yes you would be paid interest upto the date your ISA is closed."Every Pounds A Prisoner "
"Loyalty to the Best Interest Rate"
:beer:0 -
So there should be no problem transferring my rbs isa into this one, adding 3.6k, and then transferring to a new one next april?
Do banks charge for transferring ISA's or money from a current account into an isa with another provider?0 -
So there should be no problem transferring my rbs isa into this one, adding 3.6k, and then transferring to a new one next april?
Do banks charge for transferring ISA's or money from a current account into an isa with another provider?
Yes, there should be no problem, and no, they don't normally charge.poppy100 -
If interest is added to my isa account, does that count as a contribution? With regards to the statement "I also confirm that I have not contributed to another Cash ISA in the same tax year that I subscribe to this Cash ISA."0
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If interest is added to my isa account, does that count as a contribution? With regards to the statement "I also confirm that I have not contributed to another Cash ISA in the same tax year that I subscribe to this Cash ISA."
No - the statement is a declaration which is designed to deter you from opening & paying new money into more than one Cash ISA in the same tax year.0 -
Wow, the ISA has been opened in less than 7 hours from the application being sent off. It took over a week to open one with rbs!0
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