Tesco bank interest

adonis10

Does this generally hit accounts after the working day ends? Usually paid in on 12th but nothing in my account thus far today.

molerat

It is usually in the account first thing in the morning on the day after it is credited so if your previous statements show as credited on 12th it will not actually show until tomorrow.

adonis10

molerat wrote: »

It is usually in the account first thing in the morning on the day after it is credited so if your previous statements show as credited on 12th it will not actually show until tomorrow.

Thought that would be the case, as this also happens with the Lloyds Banking Group accounts.

verybigchris

Like most they credit interest at the end of the day/start of the next day, but unlike most they don't care about working days, so you get your interest on the same day every month, even if it falls on a Saturday, Sunday or Bank Holiday.