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is there a set time that annual interest rates go into accounts?

catsonic
catsonic Posts: 422 Forumite
in Savings & investments
or does it depent when you opened the account?

Comments

  • debbie42
    debbie42 Posts: 2,586 Forumite
    It depends entirely on the individual account: e.g. some have it at a fixed time of the year, some on the anniversary of it opening.
    Debbie
  • catsonic
    catsonic Posts: 422 Forumite
    it was the lloydstsb monthly saver one.
  • Meltdown_2
    Meltdown_2 Posts: 471 Forumite
    100 Posts
    Presumably it says in the Terms & Conditions for the account.
    Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
    (Ludwig von Mises)

  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    catsonic wrote: »
    it was the lloydstsb monthly saver one.
    That pays interest on each anniversary of the account opening.
This discussion has been closed.
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