I am looking at accounts paying monthly interest but I need to transfer this interest to my current account each month . Most of the high interest accounts I have looked at (Kaupthing Egde ICICI etc) do not have a standing order type facility. Does anyone know one that does or if not has anyone experience of transferring amounts on a monthly basis? Were there any delays ?

Many accounts have an option to specify where the interest should be paid to, often it is a current account that you choose to link to the savings account when opening it. Icesave definitely do this, but many others too.

---

Circumstances alters cases!!

kaupthing pay monthly interest into your acct you of course specify monthly or annual when first setting up your acct.

when you see the interest added you just transfer it into your linked current acct simply by withdrawal where it appears in your bank 3 days later

Icesave pay monthly interest automatically into your acct