D DeeKie Registered User Messages 1,053 14 Nov 2018 #1 Is there any Savings account with notice that pays interest monthly does anyone know? Any I’ve found are yearly. Thanks
Is there any Savings account with notice that pays interest monthly does anyone know? Any I’ve found are yearly. Thanks
L Lightning Registered User Messages 5,612 14 Nov 2018 #2 Nope, as far as I am aware all notice accounts pay annual interest. Obviously interest is accrued daily regardless of the payment frequency.
Nope, as far as I am aware all notice accounts pay annual interest. Obviously interest is accrued daily regardless of the payment frequency.
D DeeKie Registered User Messages 1,053 14 Nov 2018 #3 So if you withdraw after 6months you get nothing- correct?
R RedOnion Frequent Poster Messages 7,272 14 Nov 2018 #4 No, if you close after 6 months, the interest is paid then.
L Lightning Registered User Messages 5,612 14 Nov 2018 #5 Exactly, for instant access and notice accounts, interest is paid either at payment frequency, typically annually, or on account closure.
Exactly, for instant access and notice accounts, interest is paid either at payment frequency, typically annually, or on account closure.