How does interest work for Savings Pots?

How interest works

For Instant Access Savings and Select Access Savings (including Cash ISAs), your money starts earning interest on the day you deposit it into your Pot. You’ll then earn interest daily and we’ll pay it into your Pot on the first day of each month.

If you close your Instant Access Savings, we’ll pay any interest you’ve earned so far that month into your account immediately.

For Easy Access Savings and Easy Access Cash ISAs, your money starts earning interest from the working day after you deposit it. You’ll then earn interest daily and we’ll pay it into your Pot on the first day of each month.

If you close your Easy Access Savings, we’ll pay any interest you’ve earned so far that month into your account on the first of the next month.

How to check your interest

If you’d like to see how much interest you’ve earned, scroll down to the Savings & Investments section, tap on Savings, select your Pot and check the section called Interest.