Show me how you worked out my interest for the month. Less than I worked out
Show how you worked out the interest for the month
Int rate 1.04%
I worked out that my return should be much more than I received.
Hi there, we calculate interest on the daily closing balance of your account using the following formula:
Daily closing balance x (applicable interest rate / 365) = Interest accrued on that day
For Savings Accounts, interest is paid monthly, directly into the account. ^Chris