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Bank paid me interest within an hour of funding new a/c

nottsphil
nottsphil Posts: 869 Forumite
Part of the Furniture 500 Posts Name Dropper
edited 6 May 2025 at 6:01PM in Budgeting & bank accounts
I opened this account on Wednesday evening with Monument Bank. I knew from opening an earlier one that you got the account number within a couple of minutes, and that faster payments received right up to midnight were credited the same day. So, I made the FP in bed at about 11:10 (from Santander). In the morning, I woke up to a notification telling me interest had been paid, and found that it must have happened at midnight. I was most impressed and quite smug knowing that this was on top of the interest I knew I had secured that day with Santander😁, and also reassured to find that it worked out to exactly the 4.66% pa they pay for monthly interest. Unlike Santander, they don't allow screenshots...

Comments

  • wmb194
    wmb194 Posts: 6,132 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If I reply to this will it cancel the auto bump?
  • 1stTimer
    1stTimer Posts: 561 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    wmb194 said:
    If I reply to this will it cancel the auto bump?
    Thanks that was bugging me
    The 365 Day 1p Challenge 2026 #26 £437.90/£667.95
    Save £12k in 2026 #12 £6446.41/£7500

    Car Loan Dec 25- £14,114.74 (60mth)
                     Jan 26- £9857.07 (42mth)
                     Feb 26- £6438.83 (28mth)
                     Mar 26- £5930.87 (26mth)
                     Apr 26 - £4158.00 (18mth)
                     May 26 - £3917.00 (17mth)
  • masonic
    masonic Posts: 29,845 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    wmb194 said:
    If I reply to this will it cancel the auto bump?
    Did it bump again? I was hoping the one after a couple of days would be the only one. Annoying also that once bumped you have to mark the forum read in order to stop it from showing as unread.
    If a thread gets no replies in these parts, it's usually for good reason.
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