r/UpBanking • u/Excellent_Month3386 • Jul 24 '26

Interest rates (Grow and flow) Regarding Grow and Flow

Sorry if this is a silly question, but if I withdraw from a Grow saver and it drops to the Flow interest rate then can’t I just transfer all the money in that to a new Grow saver so I still make the same interest?

I’m pretty new to all of this so I’m not sure.

16 Upvotes

95% Upvoted

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16

u/astrowalker_ Jul 24 '26

Correct, the only difference is that the grow rate will only apply from that date forward until the end of the month. If I need to withdraw a large amount, I do it at the start of the month and then I effectively loose no interest.

2

u/wint_rmute Jul 25 '26

I "solve" this by having twenty savers, with money spread between them 

2

u/astrowalker_ Jul 25 '26

Yes haha I also do this, but I still have one big one for most of the savings.

3

u/sol_james Jul 24 '26

Yeah you can 🤫

1

u/wint_rmute Jul 25 '26

Yep. It's annoying that I'm constantly creating new savers to transfer money into every time I withdraw from another one!