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Monthly Interest?
robert.mcconnell10
Posts: 2 Newbie
I can only find accounts that pay interest annually. Are there any savings accounts that pay interest monthly so that I could drop in a lump sum of about £5000 and maybe add to it each month myself?
Should we be able to impose charges on banks? 7 votes
When they make a mistake of any kind?
57%
4 votes
Never, they would make banking too difficult
0%
When the mistake costs us more than £100
14%
1 vote
Everytime we have to contact them
28%
2 votes
0
Comments
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I am not a really experienced 'investor' but I recently opened an NS&I Income Bond which pays me monthly interest into a bank account of my choice. It is also safe as this is a Government scheme. Hope that helps a bit.0
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Both Icesave & Kaupthing Edge offer monthly interest.0
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robert.mcconnell10 wrote: »I can only find accounts that pay interest annually. Are there any savings accounts that pay interest monthly so that I could drop in a lump sum of about £5000 and maybe add to it each month myself?
There are plenty of savings accounts paying monthly interest, I always have my interest paid this way, try here for starters http://www.thisismoney.co.uk/saving-and-banking/best-savings-rate/article.html?in_article_id=394173&in_page_id=500 -
Everytime we have to contact themI can only assume that I have been a biff when looking into accounts as so many of you have within minutes pointed me in the right direction. I am most grateful to you all for taking the time to show me. Thank you:T0
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