The interest rate on your new Direct Easy Access 4 will be the same as the rate which applied to your MySave on the date your account moved over. However, the rate is variable and may change in the future.
Interest payments will continue to be paid monthly as they are now. For example, if you opened your account on the 15th of the month, then interest will be paid within 4 days of the 14th of the month. This may differ according to the number of days in the month.