Monthly Interest Accounts Best Buys

Interest is usually paid on accounts annually, quarterly or every six months, and the bank will add the interest payment onto your account net of basic rate tax. But if you want to have your interest paid more frequently, you can opt for a monthly interest account.

This will not increase the amount of interest you will get, as the bank will reduce the rate of interest you receive per month in most cases to make it the equivalent rate to that on its annual interest accounts. It is designed for your convenience.

Monthly Income Accounts Best Buys