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Hero Interest

Posted by Anastasas Anastasas
Message 1 of 2 413 Views

Hi.

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.

Helen

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Re: Hero Interest

Posted by DanaeC DanaeC
Message 2 of 2 391 Views

Hey Helen!

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 Smiley Happy Interest is calculated daily, so the earlier you deposit - the longer interest is accruing.

Hope this helps!

 

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