ISA accounts with annual interest payments
Discussion
If you have an ISA account with an annual interest payment, what happens if you chose to transfer out? During the transfer, would the old provider calculate how much interest you have earned until that date, or would you lose that amount?
i.e. Interest payment due in April but you transfer funds to a new account in October, will they add your 6 months worth of interest that you haven't had?
i.e. Interest payment due in April but you transfer funds to a new account in October, will they add your 6 months worth of interest that you haven't had?
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