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Lloyds Vantage Question

jack92
jack92 Posts: 244 Forumite
edited 22 November 2009 at 10:32PM in Savings & investments
I'm considering opening a Lloyds account with Vantage and I've just been looking at their website to determine interest rates. Does anyone know if the higher rate of interest (4% on balances between £5k-£7k) is paid on the *entire* balance, or just the amount that falls between £5k-£7k? I've read through their website a few times and just can't seem to find the answer.

Hope that makes sense!

Nicola

Comments

  • Rollinghome
    Rollinghome Posts: 2,846
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    edited 22 November 2009 at 10:35PM
    jack92 wrote: »
    Hope that makes sense!
    It does. :)

    The whole amount up to £7k.
    Rates are tiered and variable, 0.10% AER/Gross interest is paid on balances up to £1,000 and you can earn up to 4.00% AER on your whole balance if you keep between £5,000 and £7,000 in your account.
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