Monthly or annual interest?

billy-bob

Registered User
Messages
115
Looking at the [broken link removed] a/c from Nationwide UK Ireland, it states you should select with interested added yearly on the 31/3 or monthly on the last day. Since interest is calculated daily, is this not 6 of 1 and half a dozen of the other? I plan on leaving my cash in there for at least a year, so I can't see what difference it would make to me, but I hate having options
 
The rate is lower for monthly payments frequently.

If you need/want the cash on a monthly basis or believe that DIRT will go up then you should choose monthly.