Get quick answers to common questions about our products and services.
What happens to interest if a customer closes their account?
If a customer closes their account, any accrued interest is paid into the account immediately, then you can transfer the total balance out and the account is fully closed.
More in Interest
- Can Griffin change the interest rate on my account?
- Do you round off daily interest accrual?
- How do I find out my interest rate?
- How is my interest calculated?
- What accounts earn interest?
- What are interest rates?
- What happens to interest if a customer withdraws all their funds?
- What interest rates does Griffin offer?
- What is a gross interest rate?
- What is AER?
- When is interest paid?
All FAQ collections
- About Griffin· 9 answers
Learn more about Griffin, our regulatory status, and the types of customers we support.
- Bank accounts· 12 answers
Learn more about the different types of bank account we offer.
- Additional onboarding information· 7 answers
Learn about the additional data required before 02 March 2026
- Billing· 5 answers
Find out more about our fees and charges, how to access your payment history, and more.
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Learn how the Financial Services Compensation Scheme protects eligible deposits held with Griffin, who is covered, and up to how much.
- Griffin app· 16 answers
Get help with setting up security features, managing your organization, and integrating with third parties.
- Interest and commission· 16 answers
Learn more about how interest and commission work at Griffin, when you can expect to be paid, and how we manage rate changes.
- Payments· 11 answers
Find out what payment types we support, our payment limits, and Confirmation of Payee.
- Sandbox· 8 answers
Our sandbox is available to everyone, free forever, and can be used to trial our products and build test integrations.
- Verify· 19 answers
Learn more about Verify, our automated KYC/KYB onboarding solution for fintechs.