How is interest paid on my Savings Plus Monthly account?
We pay you a base rate of interest regardless of the activity on your account. We calculate interest on a daily basis and pay it monthly by crediting it to your account (see the current rates).
You may earn additional interest as a reward at the end of each month, depending on the number of withdrawals you make and when it was made during that month. A "month" means the period from the first day of the calendar month until the last day of that month, inclusive. Reward interest is calculated on the daily closing balance of your account.
You can ask to withdraw all or part of your account balance at any time. The first withdrawal during the first day of the month will not affect your ability to earn reward interest. However, any subsequent withdrawals on the first day of the month or withdrawals outside of this period will mean you do not earn reward interest for that month.
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