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When is interest paid?

An outline of how interest for our cash accounts is calculated, and when it is paid.

Interest for most of our cash savings accounts (including the Cash LISA, Cash ISA, and Open Access Cash ISA) is calculated on a daily basis and is paid into your account on the first day of the month. For our 1 Year Fixed Rate and 1 Year Fixed Rate ISA, interest is paid when you reach your access date, or when you close a Vault (for 1 Year Fixed Rate ISA only).

When viewing your account under the Wealth tab, you can view how much interest you’ve earned in total, as well as today's interest, which can be found underneath your balance.

Please note that all of our interest rates are annual equivalent rates (AER), meaning that the % rate indicates the equivalent amount of interest you would earn if the interest was paid as one lump sum annually, including compounding.

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