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Charter Savings Bank won't state when interest starts

But they do say when it ends - no.13 in the general conditions on the .pdf here.
I want to transfer a large sum into the 95 day notice account today, but not if it won't start accruing interest until Monday!

Comments

  • londoninvestor
    londoninvestor Posts: 1,351 Forumite
    Sixth Anniversary Combo Breaker
    Is it not in 8.7 and 8.8 on page 6?
    8.7 Subject to paragraphs 5.8 (Opening an Account with us), 8.3 and 8.6 we will credit money to your Account on the Working Day that we receive it provided that we receive it before 4pm on that Working Day. Money paid in by Electronic Transfer is available for payment out of your Account the day it appears on your Account subject to paragraph 11 (Taking money from your Account).

    8.8 If interest is payable on your Account, you’ll start to earn interest on money paid in on the same Working Day provided that we receive it before 8pm on that Working Day
  • londoninvestor
    londoninvestor Posts: 1,351 Forumite
    Sixth Anniversary Combo Breaker
    I guess it's not clear though that if you send it now (because it's after 4pm) it will be treated as received today at all... If it was me I'd probably leave it till Monday.
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