The Top Regular Savers Discussion Thread

cc123mm456

Nationwide

While the date of the credit at a weekend is forward dated to the Monday, the interest is calculated from the date of deposit, i.e. from today Sunday 1st November.

I can confirm this for definite, because I've checked the interest calculations of my matured Nationwide RS accounts in previous years.

The Lloyds banking group regular savings accounts also work this way, along with a few others.

I have always found that the information provided by Bridlington1 on page 1 can be relied on, relating to which providers calculate interest from the day of deposit, or next working day.

Kernel_Sanders

https://forums.moneysavingexpert.com/discussion/comment/82188402#Comment_82188402

Does this also apply to evening deposits on a weekday? I made a deposit to NW at 20:45 on Friday but it shows as arriving on Saturday.