Tesco interest due ?

Lokolo

Have you lot got it yet?

I suspect it will be paid 12.01am tonight. It surely should come at the end of the working day? Eggs always does.

cocktail

nzseries1 wrote: »

No it isn't. The interest pay date is the last day of March, which is today. However it will be the END of the day, not the BEGINNING.

12.01 tonight--thats tomorrow dear

Lokolo

cocktail wrote: »

12.01 tonight--thats tomorrow dear

Hehe ssh don't point that out he'll get wound up :P

anna42hmr

they may work like natwest does, as that is paid the last day of each month (its monthly interest) but never shows online until the next day (ie 1st of the month) but the transaction date is the last day of the month)

anna42hmr

its definatly same as natwest as is showing up as interest today but with yesterdays date on the transaction so you should have the interest showing today

LesU

Interest is in two lump sums. I assume one is from the normal interest rate and the other is from the bonus rate.

Tibbledom

LesU wrote: »

Interest is in two lump sums. I assume one is from the normal interest rate and the other is from the bonus rate.

Yes that is correct. Two payments and one represents the bonus. So easy to check if you've got the bonus.

I've checked the amounts (including and excluding the bonus).

Actually they seem to have overpaid by about £10 in a a net interest payment of around £650. Not sure if that is a quirk of their calculation or whether I've made a slight error with one of my payment dates. Will check later when I have time.

Edit: Have checked and they are just being generous because of a quirk of their interest calculation :T

Milarky

Does anyone know off-chance; if the the bonus is paid separately on 31 March each year, but next March's will only have a bonus period for a part of that year anyway, can the I-saver be closed at the anniversary of opening and still receive that bonus - along with the paid up standard interest?

(Paying the bonus separately sort of implies it can only be received if the account remains open on a set date)

nzseries1

cocktail wrote: »

12.01 tonight--thats tomorrow dear

Actually... the original quote was :

McSaver wrote: »

In that case they should pay interest at 12.01 PM

If we're being pedantic, 12.01PM is lunchtime yesterday, not midnight. 12.01AM would be midnight the next day, duh

anna42hmr

Milarky wrote: »

Does anyone know off-chance; if the the bonus is paid separately on 31 March each year, but next March's will only have a bonus period for a part of that year anyway, can the I-saver be closed at the anniversary of opening and still receive that bonus - along with the paid up standard interest?

(Paying the bonus separately sort of implies it can only be received if the account remains open on a set date)

i was wondering that too as cant find any info on the net, I would assume that it would be as its not an account that restricts withdrawals or closures