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a & l intrest on savings

ive just tranfer some money from my savings to bank accout. as i was looki through i noticed they lost payed me intrest on the 1st of oct, as i didnt have loads in i only got 86p, but since then ive had £400 payed into every month. but i havent had any intrest for this?
savings for 2012.. New year new me.. Going to save save save... and not spend spend spend. :rotfl:
WANT £7000 BY JAN 2012.
Jan -£80
Feb -
March-

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Interest is paid annually (on 1st October). Check your T&C's.
  • fkelanne
    fkelanne Posts: 706 Forumite
    that stinks
    savings for 2012.. New year new me.. Going to save save save... and not spend spend spend. :rotfl:
    WANT £7000 BY JAN 2012.
    Jan -£80
    Feb -
    March-
  • Meltdown_2
    Meltdown_2 Posts: 471 Forumite
    100 Posts
    Why?
    Surely you read the T&C before opening the account?
    Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
    (Ludwig von Mises)

  • bengal-stripe
    bengal-stripe Posts: 3,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    fkelanne wrote: »
    that stinks
    Most accounts pay interest annually, some pay monthly and with a few accounts you have the choice.

    Find an account that suits your needs. Do your homework before signing up.
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