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RE: HBD Interest Payments For April | $138K

in #hbdlast month

I always wondered if it was required to hold HBD for 30 days to qualify for the interest payment or if there would be a partial interest payment when HBD in Savings is withdrawn earlier than 30 days. I did just that. I didn't wait for 30 days, and withdrew early. I was surprised to see that HBD interest payments are still accrued and paid. I received a partial interest payment in April.

PeakD shows a nice estimation of the accrued but unpaid interest. This way, you can always see how much interest is owed to you, even if you take out your HBD from savings at any point.

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Great tip. But without actually experiencing it, I wouldn't be sure if the payment would actually happen.

That is true, but I also experimented with it (not on purpose), and saw the interest being paid on time (I have it automated), pretty much as estimated on PeakD.