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YBS rainy day
carlbhoy
Posts: 116 Forumite
I’m thinking of putting some savings Ito the Yorkshire building society rainy day account, I don’t intend having it there for too long, my question is if I withdraw it after say six months, as the interest is paid annually, will I get any at all?
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Comments
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Interest is almost universally calculated daily, so you will earn about 1/365th of the gross rate of interest on your balance each day it is held in the account.
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You will get it paid if you close the account , if you leave it open with a zero balance it will appear on maturity. Dont forget to mark it on your calendar or its easy to forget1
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