Interest paid or unpaid on money in a Leap Year's extra day.

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    Just looking at interest earned for this February in an high interest earning account which has 29 days this year.

    First of all I was wondering why the interest earned was down then the obvious kicked in short month, then at a closer look compared to the two previous months and doing the math's, Suncorp have only paid the interest on the normal 28 day month for February.

    Will be contacting the bank to clarify this more but just wondering if anyone else has come across something like this as the bank owes me one days interest.
    Do they banks do this all the time in a Leap Year and make even more money by not paying the full entitlement.
    Last edited by chappy58: 01/03/24
 
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