Is this amount right?

noh

Karonher said:

Thanks for all the replies.

It was definitely October 2022 and it was for 18 months at 3.1%. I have checked a couple of times and there has not been a payment before now and the ISA has closed at that rate as of today and is now 1.2%. I am going to transfer it to Oaknorth as soon as this is sorted out.

I will have to phone them in the morning. This is the amount showing in the account. £16,357.35

Thanks again

What was the outcome?

Karonher

I have just checked the account and another £508.00 went into the account today. They did not know why the payments were made the way they were rather than just as 1 payment.

Stargunner

friolento said:

I took out a Santander 18 mth fixed rate ISA on November 2 2022, 4% fixed, maturing in on May 2 this year. I had an interest payment for 6 months on May 2 2023. The amount was correct, 4% for 6 months. I expect the next interest payment upon maturity

This is not to say your ISA also paid interest after 6 months but it is worth checking.

I can't explain the £236. I'd ask Santander to explain.

I took out the same ISA on 12th October 2022 and like you I was paid some interest on the 2nd May last year. 

I rang Santander today to ask them a couple of questions regarding maturity options and also to check my maturity date, as it doesn't show on my statement. I expected it to be 12th April, but it is 1st May and when I queried it they advised that they roll the maturity date to the 1st of the following month after the 18 months is due. Therefore, it may be worth you checking yours, as your money may have to stay in there earning 4% until 1st June.