We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

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

Options
nottsphil
nottsphil Posts: 686 Forumite
Part of the Furniture 500 Posts Name Dropper
edited 6 May 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: 4,904 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: 335 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    wmb194 said:
    If I reply to this will it cancel the auto bump?
    Thanks that was bugging me
    Save £12k in 2025 #32 
    Make £2025 in 2025 #28
    JAN- £695.23 FEB- £599.43 MAR- £709.42 APR- £1102.89 MAY- £776.76 JUNE - £966 JULY - £1104.84

    Total 2025 -£5954.57

     
  • masonic
    masonic Posts: 27,181 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.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.