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Icesave - less interest this month.

Only 35p but I have £300 more in there than last month. Anybody know how this could be, has the rate dropped?

Easy Access account

Comments

  • pavlovs_dog
    pavlovs_dog Posts: 10,227 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    fewer days in that month?
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • Griffboy
    Griffboy Posts: 71 Forumite
    But there are more days this month than last.
  • chesky369
    chesky369 Posts: 2,590 Forumite
    Are we talking about the, say, 29th of each month? If so, April - May is thirty days, March was thirtyone as will May be.
  • Griffboy
    Griffboy Posts: 71 Forumite
    I think I get it now. The interest is paid on the 30th, there is 31 days between March 30th and April 30th, but only 30 between April and May 30th.

    Panic over - as you were.
  • sheslookinhot
    sheslookinhot Posts: 2,393 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Griffboy wrote: »
    I think I get it now. The interest is paid on the 30th, there is 31 days between March 30th and April 30th, but only 30 between April and May 30th.

    Panic over - as you were.

    Panic over 35p :huh:
    Mortgage free
    Vocational freedom has arrived
  • epsilondraconis
    epsilondraconis Posts: 1,758 Forumite
    Panic over 35p :huh:

    That shows the commitment of a true MSEr. Attention to deal is key.:T
  • nrsql
    nrsql Posts: 1,919 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Panic over 35p :huh:

    Nope - panic over a possible system problem in a bank.
    Could have affected a lot of people if it was wrong.

    Look after the pennies and the pounds will take care of themselves - or you won't be able to see the forest because of the trees:o .
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