I was just about to delete a paragon savings pot as I understand the interesting rate is reducing. There’s about £30 of current month’s interest that doesn’t seem to show up on the amount that will be transferred, when I click ‘delete pot’. Will I lose this current month’s interest when I delete the pot? If so, I guess I need to wait until the interest is actually paid into the pot?
You won’t lose it, it’ll be paid into your account on 1st of the month (June) as normal
Thanks. Are you definitely sure? It doesn’t mention this. It just comes through on the 1st as ‘interest from deleted pot’?
I’m sure in as much as I have done this before, and still got my interest on the 1st. Think it just showed up as an interest payment from the pot name as normal - no mention of the fact it had been deleted.
I’ve just looked back on my transactions, it was a while ago so don’t know if there’s been any changes, but I closed the pot on 2nd Oct (2019) and got paid the interest accrued for the 2 days of October on the 1st November.
Thank you very much