Interest booking at the end of the term only: Here, interest is only paid at the end of the term, no interest bookings are made during the term. The savings account earns interest at a nominal rate per year without any interest booking. The interest rate is guaranteed for the entire agreed term and will be credited to your Raisin Account at the end of the term without any compound interest effect.
Annual interest booking with interest capitalisation: This means that the interest is paid annually and credited to the savings account. This increases the savings account amount by the interest booking and the increased amount continues to earn interest, so you benefit from the so-called compound interest effect. Please note: For savings accounts with compound interest, for technical reasons you will continue to only see the original amount in Your Raisin Account.
Annual interest booking without interest capitalisation: In this case, the interest booking is made annually and is paid into your Raisin Account within four banking days of the interest booking.
General information on annual interest bookings: The term "annual" for fixed-term deposits via Raisin Bank always means: annually after opening your savings account. With annual interest bookings, the first interest booking is made 12 months after opening your savings account, the second interest booking 24 months after opening the savings account...etc.
Which of these options applies to my Savings account? The current interest rates for multi-year fixed-term deposits at the individual partner banks can be found in the product information sheet for the relevant savings account. You can find this under "My Savings" section of your Raisin Account. You can also read the product information sheet in the offer details before making your decision.