When is interest paid?

Interest is calculated daily and paid into each of your Smart Saver or Smart ISA pots once a month.

We apply it to your savings account each month, on the calendar day your account was opened.

However, if your account was opened on the 29th, 30th or 31st of a month, we'll pay interest on the 28th of every month. Should you close your Smart Saver, a final payment will be made on the day the account is closed