The New Top Easy Access Savings Discussion Area

Alicon88

allegro120 said:

Alicon88 said:

Hope it's not a stupid question 
Just got access to my Cahoot Saving account (opened when the interest offered was 4.4%) - is it normal that the interest showed in the account is 4.31%? I assume they show the gross interest?

Yes, If you went for annual interest it would have shown 4.4%.  Most providers will display gross if the interest is paid monthly.

Thank you for your kind reply.
Is the amount earned showed only at the end of the month? I can't see like a 'daily' interest when going into the saving account.
Many thanks again! 

flobbalobbalob

Alicon88 said:

allegro120 said:

Alicon88 said:

Is the amount earned showed only at the end of the month? I can't see like a 'daily' interest when going into the saving account

They don't show the daily interest accrued. They add the months interest on the 1st or 2nd  day after the anniversary of your opening email. They don't send any notification.