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Lloyds and crediting of interest

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  • BooJewels
    BooJewels Posts: 3,151 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I have some accounts with Halifax, the same group, that pay monthly interest.  If I was expecting an interest payment for say 30 days on Saturday 9th March (ignoring the leap year just for now), I'd know that I'd possibly get 32 days interest on Monday 11th, or more likely, 33 days interest on Tuesday 12th March.  

    Some organisations pay interest on the 30th/31st day, regardless of what day it is - I had one paid on Sunday - but Halifax only pay on banking days - but do adjust the amount of interest accordingly.  And then next month, you might only get the 29 days remaining in that interest period - because the 9th will now be a Tuesday, so paid on the expected day.

    Presumably you've had your interest paid by now?
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