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When is interest paid on accounts?

(4 Posts)
paranoidmother Mon 03-Aug-09 12:53:15

I thought I saw something that said July but I now have a feeling it's only once a year on 31st Jan. It's for a Nationwide account but was wondering if anyone knew.

TIA

Mousey84 Mon 03-Aug-09 14:22:43

All pay at different times. The terms and conditions should tell you. One of my accounts pays monthly, one pays quarterly, and ISAs once a year.

Although I dont know which type of account you have, I had a look at their site and the T&C states "Interest – We work out credit interest each day and pay it into FlexAccounts and Cash Card Accounts on 31 December. We work out overdraft interest each day and take it from your account each month."

paranoidmother Mon 03-Aug-09 14:58:23

Thank you for that. I'm quite useless at finding things like that out

dilemma456 Mon 03-Aug-09 17:28:38

Message withdrawn

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