I have cash with HL Active Savings which enables you to easily access different savings accounts without the admin hassle of setting them up separately. The interest rates can change fairly quicky on any one individual savings account and also new savings options with better rates are readily available ...so eg one account might drop from 4.4 %to 4.15 % whilst another savings account becomes available offering 4.6%. In this situation I am only referring to easy access savings accounts and where interest is calculated daily and then credited monthly.
My query is will I lose out in any way by moving money quickly from one to another...eg say I only held money in one savings account for 21 days before wanting to move it to another at a better rate...would I still be credited the full 21 days interest at the end of that month, even when the balance at that point would be £0.00 as I had withdrawn at 21 days?