Hi.
I know that my Rabo savings account will have interest added today or tomorrow but I wonder when this is actually calculated and applied or does it make any difference?
I mean is it only calculated and added annually or is it calculated more often. I am not an expert on this but I would have thought that if it was calculated weekly or monthly then surely we should be getting interest on interest?
Make sense?
Thanks for any help.
I know that my Rabo savings account will have interest added today or tomorrow but I wonder when this is actually calculated and applied or does it make any difference?
I mean is it only calculated and added annually or is it calculated more often. I am not an expert on this but I would have thought that if it was calculated weekly or monthly then surely we should be getting interest on interest?
Make sense?
Thanks for any help.