I feel a bit daft asking this as I generally consider myself quite good with money...
I set up a cash ISA with my bank last year. It's a fixed rate one year ISA and I chose to have interest paid monthly.
I put a lump sum into it and since then have been paying in a set amount each month and also put it another lump sum. So over the past few months, the amount in the ISA has been increasing. However, I've noticed that the monthly interest payments, although increasing over time, are lower in some months than in the previous month, despite there being more in the account overall.
Would someone who knows please explain to me how the interest is being calculated here?