Tandem fixed saving account - when does the interest payment come through?

Wobble101
Wobble101 Posts: 65 Forumite
Fourth Anniversary 10 Posts Name Dropper
edited 20 May at 10:22PM in Savings & investments
I had some money in a one year fixed saver account with Tandem. The fix has come to an end. They asked what I’d like to happen to the money, so I asked for it to be put into my standard Tandem account. It matured this morning but while the original amount has appeared in my account, there is no interest on top. 

Is this normal? My only past experience has been with First Direct, where the interest is paid out with your original capital. 

I have tried to follow up with Tandem but haven’t got any sense out of the online chat thing.   

EDITED WITH OUTCOME! For some reason the interest was paid into my current bank account. Go figure! 


Comments

  • masonic
    masonic Posts: 26,618 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 20 May at 10:22PM
    I've sometimes seen interest paid as a different transaction, but always on the same day the capital is returned.
  • Bigwheels1111
    Bigwheels1111 Posts: 2,987 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I have a 5 year fixed rate with annual payout.
    Arrives on opening date to my bank at around 06.00am each year.

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