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When is interest paid?

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

Brandon avatar
Written by Brandon
Updated over a week ago

Interest for our cash savings accounts (including the Cash LISA) is calculated on a daily basis, based on your total account value, and is paid into your account on the first day of the month.

When viewing your account under the Accounts 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 💰

If you hold a Cash ISA, interest is calculated on a daily basis and is paid into your Cash ISA annually, on the anniversary of the date your ISA was first opened. You can see how much interest you’ve accrued in Accounts > Cash ISA > Breakdown.

Remember 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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