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Direct Reward interest payment
bobblebob
Posts: 1,070 Forumite
Found this on the ISA T&C:
My reward period ends 19th April, so does that mean i wont get a penny interest until then? Always used to be on the 5th with the other direct reward isa's
All customers that funded their reward between 27th February 2011 and 5th April 2011
will receive an interest payment on the 5th April 2011 and at the end of the reward
period. This means you may receive part of your reward interest in one tax year, and
the rest in the next tax year. All customers that funded their account on or after the
6th April 2011 will receive interest at the end of the reward period
My reward period ends 19th April, so does that mean i wont get a penny interest until then? Always used to be on the 5th with the other direct reward isa's
0
Comments
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I funded mine in July 2011. Today I noticed that I have received interest equivalent to 3% for the 8 months that I've had the account so I assume the balance (3% x 4 months + 0.2% on the lot) will be paid on the anniversary date in July.
This ties in with the T&Cs statement you posted.
HTH0 -
Just got my interest in full0
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