I have a Fixed Rate interest account but my monthly interest payments vary - this month is £8 less than some previous months. Since I'm told the account has a "guaranteed rate of interest for one year" why is the monthly payment inconsistent?
No the account has not matured. I opened it in November and received monthly payments. January and February were the same but both December and March were different. The deposited amount remains the same as I can't contribute any more during the year, and the interest is sent immediately to a separate account. It is a one year fixed rate saver at 4.11%.
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Fresh Eyes
29-03-23 11:13No the account has not matured. I opened it in November and received monthly payments. January and February were the same but both December and March were different. The deposited amount remains the same as I can't contribute any more during the year, and the interest is sent immediately to a separate account. It is a one year fixed rate saver at 4.11%.
ChristopherP
