Guide

How Monthly Interest Works.

Monthly interest examples can look simple, but the assumptions behind them matter. This guide explains the basic mechanics.

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Basics

Simple and compound interest

Simple monthly interest assumes the monthly amount is paid out or not added to the balance. Compound monthly interest assumes interest is added to the balance and then itself earns interest.

Examples

Illustrative monthly figures

GBP 5,000 at 1% monthly is GBP 50 before any fees, tax or adjustments.
GBP 20,000 at 1% monthly is GBP 200 before any fees, tax or adjustments.
GBP 50,000 at 2% monthly is GBP 1,000 before any fees, tax or adjustments.

Monthly interest calculator Interest tiers Risk information

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