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Earning interest twice

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  • born_again
    born_again Posts: 20,488 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Because you are in effect cheating the system by being paid interest in the same amount in two places. Looking to game the cutoff time like this isn’t what the banks want,.

    They could easily change the cut off time to midnight or same time on all banks. Then run any work required in the small hours.

    To me, even though I work for a bank. It's the banks own fault. Leave a way for people to make a few pence and they will... :rotfl:
    But banks are more than happy to chuck a big £££ bribe to get people to move to them, then scream foul when you find a way to work the system they have created...
    Life in the slow lane
  • Zero_Sum
    Zero_Sum Posts: 1,567 Forumite
    Is it actually worth it for the sake of a few extra days interest?
  • born_again wrote: »
    They could easily change the cut off time to midnight or same time on all banks. Then run any work required in the small hours.

    To me, even though I work for a bank. It's the banks own fault. Leave a way for people to make a few pence and they will... :rotfl:
    But banks are more than happy to chuck a big £££ bribe to get people to move to them, then scream foul when you find a way to work the system they have created...
    Well they could, yes, or instead they could just shut the accounts of the handful of people who try to cheat like this, which is probably better in the long run.
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