Daily interest

[henrylbh]

Assuming interest is 1% pa. I deposited $50k at 11pm today and 2 hours later withdrew $50k at 1am, will I get any interest $1.37 on the deposit?

 

[Mecisteus]

Assuming interest is 1% pa. I deposited $50k at 11pm today and 2 hours later withdrew $50k at 1am, will I get any interest $1.37 on the deposit?

you already said daily interest. i have not heard of banks offering hourly interest.

 

[wts2013]

Assuming interest is 1% pa. I deposited $50k at 11pm today and 2 hours later withdrew $50k at 1am, will I get any interest $1.37 on the deposit?

hahaha, fat hope, FAST also got cutoff time u know, after cutoff time, any FAST will be taken as next business day transaction, ie although the money already got deducted from the account u transferred from (a) and deposited into the transferred to account (b), the value date of transaction in (a) is today so u lose interest in (a), the value date of transaction in (b) is tomorrow, then u withdraw the money in (b) tomorrow before end of day, so no interest in (b), hahaha, u lose/loss the game, hahaha