Flexible loan clarification

2 questions:

• 1) If 00:00 UTC is defined as the start of a new day, if I were to open a flexible savings at 23:49 UTC the day before, would this mean that my savings would immediately start to accrue interest income by 00:01 UTC? (12 minutes after deposit) Or would it only start to accrue 24 hours after my initial deposit?

• 2) If I select fast redemption as my redemption method, do I lose all of the interest I have accrued up until the day of redemption or only the current day's interest?