NatWest Savings Builder interest wrong

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MatthewAinsworth wrote: »

I don't personally judge the interest to be worth the hastle of juggling it around every month, making phone calls, etc, I keep 1 months cash in the current account to avoid overdraft, the rest is in s&s ISA - emergency fund is conservatively invested

What's that got to do with a thread about missing interest on an account?

Anyway, for those that missed my update on the first page - correct interest was added overnight. :T

fun4everyone

Mine added now also

Rheumatoid

Mine has been corrected to 0.25 gross and 2.50 bonus. I still don't quite understand why the bonus is not 14X the gross. I expect I'm being dim. anyone care to explain?

RG2015

My basic 0.10% was correctly credited on the 1st June along with £1.50 bonus interest. I was subsequently credited with £4.00 bonus interest on 5th June. I have recalculated and the interest for May in now correct.

I still believe there is nowhere else that I can get 1.50% for an easy access regular savings account that allows a lump sum deposit of up to £5,000.

Rheumatoid

Rheumatoid wrote: »

Mine has been corrected to 0.25 gross and 2.50 bonus. I still don't quite understand why the bonus is not 14X the gross. I expect I'm being dim. anyone care to explain?

Ignore that. I didn't see the 0.95 that was incorrect has been left there so bonus = 3.45 which is about right.

RG2015

Rheumatoid wrote: »

Mine has been corrected to 0.25 gross and 2.50 bonus. I still don't quite understand why the bonus is not 14X the gross. I expect I'm being dim. anyone care to explain?

My basic was £0.39 and my bonus was £1.50 plus a £4.00 correction. If I multiply £0.393 by 14, I get £5.50.

If your interest is calculated the same as mine you should also have an original bonus of about £1.00 posted on 1st June.