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

Free interest each month.

For all the super-stingy money savers out there.

I have a Norwich and Peterborough current account with an attached Easy Saver, which was created when a regular saver expired. The interest rate is pants, so I don't keep any money in there. Yet after I'd emptied it, 1p popped up a few weeks later. I moved it into the current account.

A month later I was credited with another penny, and to this day I haven't managed to keep the account clear. Perhaps they can't round down the 0.0000001p interest from having a penny in there for a week, so round it up!

So that's 12p a year just for having the account :T

Comments

  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 14 January 2015 at 3:55PM
    I can see a diligent N&P staff member spending a couple of hours right now to see how many are affected. Whats the reverse of penny shaving?! ;-)

    I had a (12 month) N&P family regular saver from April 2013 and they were kind enough to continue to let it roll (but at a reduced 3.35%) after 12 months.
  • bsms1147
    bsms1147 Posts: 2,291 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    This time in 8 million years, we'll be millionaires Rodney.
  • badger09
    badger09 Posts: 11,811 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Herbalus wrote: »
    For all the super-stingy money savers out there.

    I have a Norwich and Peterborough current account with an attached Easy Saver, which was created when a regular saver expired. The interest rate is pants, so I don't keep any money in there. Yet after I'd emptied it, 1p popped up a few weeks later. I moved it into the current account.

    A month later I was credited with another penny, and to this day I haven't managed to keep the account clear. Perhaps they can't round down the 0.0000001p interest from having a penny in there for a week, so round it up!

    So that's 12p a year just for having the account :T

    :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.