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Interest on non-working days

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  • nottsphil
    nottsphil Posts: 686 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 2 June at 1:10PM
    fuzzzzy said:
    Similar question but for paying into regular savers on the 1st of the month manually. If the 1st falls on a weekend I usually just wait until the Monday to fund them but wondered if any of them credit interest on the non working day. At the moment I have regular savers with Coventry, Skipton, Principality and Virgin. I know it is just pennies but wondered what other regular saver holders do.



    friolento said:
    All current accounts that pay interest. Though none of them pays 4% these days

    Also Chip, Chase, Zopa savings, and perhaps some others.



     For future reference, Newcastle, Yorkshire, Leeds, Darlington and Nationwide building societies plus TSB and Santander all pay interest on funds deposited on Sundays. Probably better not to leave it until the evening though because some have cut-off times eg Santander is (or used to be) 8.20.
    Some people think former Hbos banks such as Lloyds pay the interest despite showing it as being posted the next working day, but I've never seen anyone posting confirmation of this through self-calculation of the interest.
  • apt
    apt Posts: 3,231 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    First page of the Regular Saver thread tells you when deposits on non-working days start earning interest - https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1
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