Monthly Interest?

robert.mcconnell10

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?

MelG69

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.

martyn4764

Both Icesave & Kaupthing Edge offer monthly interest.

nilrem_2

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=50

robert.mcconnell10

Everytime we have to contact them

I 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:T