When (what time) is daily interest calculated?

FreddieFrugal

Hello,

Shifting large amount of money for deposit. Want it to remain in accounts for as long as possible interest wise.

Anyone know when daily interest is calculated so I can send it after that time?

Thanks

pmduk

It usually attracts interest for the whole day of withdrawal, but not the day of crediting the account. The account's T&Cs should specify this

zerog

IanRi wrote: »

Hello,

Shifting large amount of money for deposit. Want it to remain in accounts for as long as possible interest wise.

Anyone know when daily interest is calculated so I can send it after that time?

Thanks

RBS group 1830
Barclays 1830 (not sure about this one)
Santander 2017 (sometimes 2117 on Tuesdays)
Nationwide 2030
HSBC group 0000
Lloyds group 0000

FreddieFrugal

zerog wrote: »

RBS group 1830
Barclays 1830 (not sure about this one)
Santander 2017 (sometimes 2117 on Tuesdays)
Nationwide 2030
HSBC group 0000
Lloyds group 0000

Thanks. In which case it's worth making the payment tomorrow morning during a break rather than tonight.

Worth it if it means an extra £3-5.