The monthly interest calculation is run by the Treasury & Investments team using balances as at the end of working day four of the month-end processing period. No further deposit movements should be processed after this date.

Interest earned varies monthly as interest rates move. The reduced rate of interest is 75% of the higher rate.

Monthly UDA rates are available on the webpage, University deposit account rates [1].

Interest is credited to all relevant departmental accounts each month by the end of working day five of the General Ledger (GL) month-end closure (subject to any overdrawn accounts issues – see below). It appears as a credit against the transaction code NBAA and will be available to spend or reinvest.

Last updated 15 April 2024