FNB Money Maximiser

[sammya]

Anyone here have a FNB Money Maximiser account?

There is something screwy with the interest payments.
Even if the total and credit interest rate does not change the interest payout is not consistent.

More concerning is the interest payout dropped in December even though the total balance was more than November and the current credit interest rate is higher than December.

 

[dlevine]

Number of days in the month will affect the interest earned per month. Did you factor that in. A year is not 12 equal months.

 

[sammya]

1 day difs .
.... variation is larger % than ~1/30

~ 9% drop in interest month to month

 

[Sideshow Bob]

1 day difs .
.... variation is larger % than ~1/30

~ 9% drop in interest month to month

9% drop is strange really if conditions are as you described; I suppose you will have to contact them to find out - can't see any other way.