How does interest on my bank balance work?

Interest on your Biscuit current account is calculated daily and paid monthly. You can start earning interest from the day you open your account, as long as there’s money in it. 

Your first interest payment will be made after one month, straight into your Biscuit current account.

What about pending payments?

If you have an outbound payment that hasn't been processed by the end of the day, you'll keep earning interest on that amount until it clears.

Can the rate change?

Unless we've told you otherwise, the interest rate on your bank account balance is variable, meaning it can go up or down.

If we plan to reduce your rate, we'll give you at least 2 months' notice first. If we're increasing it, we'll apply the change straight away and send a confirmation email afterwards.