How is interest calculated?

Most of our pots generate interest, though the rate depends on the type of pot you choose and your current Emma subscription plan.

The AER value, or Annual Equivalent Rate, is used to show what you would earn in interest from different savings accounts over a year.

The percentage shown is not what you will earn daily based on your current savings.

For example, if you had £1000 in your Savings with a rate of 3% AER, in a month you would earn £2.50 and over a year you would make £30.

Click here to use this interest calculator on the Bank of England's website to calculate your potential interest earnings.

When Does Interest Start Accruing?

You will begin earning interest no later than the first business day following the day when your money arrives with the bank.

• If you send money to an Easy Access Pot on Monday, but the bank does not receive the money until Wednesday, you will start accruing interest no later than Thursday.
• If you send the money on a day the bank is closed, it may not receive your money until the next day on which it is open.

Interest Payment Schedule

Interest is calculated daily, but the payout schedule differs by pot type:

• Easy Access and 45 Day Notice Pots: Interest is paid and credited to your pot daily (Tuesday through Saturday).Your Tuesday payment will be slightly higher as it takes into account the interest accrued on Sunday and Monday.
• Super Pot: Interest is calculated daily but is paid and credited to your pot monthly.

Important Note on Display: If the daily interest generated is less than £0.01, it will not be displayed on your account. The interest will continue to accrue in the background and will only become visible once it reaches the £0.01 threshold.

Withdrawing from a 45 Day Notice Pot

When you withdraw from a 45 Day Notice Pot, you will still earn interest on the withdrawal amount until you are able to withdraw the cash at the end of the notice period.

Important Notes

Updated on: 20/11/2025