on 03-05-2019 12:05 PM
Just opened a hero savings account. I want to transfer a lump sum transfer from another bank to get the high interest rate. What would the best time of this month to deposit the money to get the 2.6% interest. If I deposited today, would it earn interst at 0.1% for the remaindr of the month or will it attact 2.6% for the remaining days of the month.
on 06-05-2019 10:36 AM
You can deposit the funds at any time - you'd just need to ensure that it's prior to the last business day of the month, and that you don't make any withdrawals to get that bonus rate Interest is calculated daily, so the earlier you deposit - the longer interest is accruing.
Hope this helps!
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