Monthly Interest Savings Accounts
Monthly Interest Savings Accounts
Monthly interest savings accounts are savings accounts that pay the interest on the cash you have saved on a monthly basis, rather than annually or on account maturity. Monthly interest savings accounts are good if you want to benefit from a regular income from your interest payments. Monthly interest savings accounts could include:
- A fixed rate of interest
- Having to give notice to access your money
- Instant Access to your money
- Online management
The flexibility of a monthly interest savings account will depend on the bank or building society, but it is often possible to manage monthly interest savings accounts via the branch, phone, post or online, although if there is a notice period, or restrictions on withdrawals, it may take a while for the funds to reach you.
Alternatively click on savings accounts advertising links below: