Monzo Plus Interest Timing Calculation

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#1

What is the interest timing calculation for the Monzo Plus 1.00% AER (variable) interest?

Is it paid out monthly, if so, when is the snapshot of your balance taken? Interest paid on balance at Day 1 of the month, Day 30 of the month? Or weighted average?

Hope that makes sense!

#2

Does it matter? I can’t see it making any difference for £20pa.

#3

Info is here: https://monzo.com/legal/plus/m/savings-summary/

Calculated every night and paid on the 1st of the month