Monzo Plus Interest Timing Calculation

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!

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

Info is here:

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