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Interest on BACS Credits
edited 30 November -1 at 1:00AM in Savings & Investments
14 replies 3.9K views
In order not to pollute the [thread=475213]Sainsbury thread[/thread], I am copying this question into a new thread:
ED wrote:Impressive. In your experience, which of these building societies + banks pay interest from the same day as your BACS (done manually during working hours?), compared with how many delay paying interest until the next banking day - potentially causing nil interest on a Sat+Sun+Bank Holiday Mon?Dagobert wrote:I have 25 regular savers and I pay all of them "manually" by BACS (except those that require a Direct Debit) and they all mature successfully.
Would more of your regular savers receive interest from the same day if the funds arrived via Standing Order (arriving around 1am)? I too have regular savers with many societies, so am keen for your response - thanks.
Presumably the same would apply for external transfers to + from this tasty Sainsbury's Bank savings account?
This discussion has been closed.