We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
interest
beattiesman
Posts: 330 Forumite
have a branch saver acc with santander ,opened 12 months ago today at a good interest rate, but it drops today to virtually nothing i asked for the interest to be paid annually so when will the interest go in does it go in today or tomorrow.as i need to move the money elsewhere
0
Comments
-
If it is an e-saver account the interest is paid on the anniversary of the account opening.0
-
beattiesman wrote: »When will the interest go in?
It doesn't matter. If you ask them to close the account the interest will be paid to you along with the rest of the money in the account.
NB - You must ask them to close the account rather than just withdrawing the cash.0 -
But you don't need to wait for the interest : if you close the account, it will be paid immediately. Or you can still move the balance and leave the account open and the interest will still be paid on schedule.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards