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TDS interest rate

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Am I correct in thinking that when you get your deposit returned you also get interest accrued?

How can I work out what rate that is at?

Our deposit is £525 and has been held for exactly 2 years. What can we expect to get back (LL has agreed to no deductions)?

Comments

  • TUS
    TUS Posts: 692 Forumite
    Sorry, it's with DP - not sure if that makes any difference.
  • TUS
    TUS Posts: 692 Forumite
    Base rate minus 2.32% :-(

    Means we've accrued some interest from 2008 before the rate dipped.
  • tbs624
    tbs624 Posts: 10,816 Forumite
    edited 31 July 2010 at 1:30PM
    Why not just check via DPS itself ? *edit: I see that you now have done :smiley:

    The info on deposit interest is readily available under their FAQs - see here - and should be in info provided by your LL/LA.

    Note -
    "Will I still receive interest if the base rate falls to 2.32% or below?

    No."
  • TUS
    TUS Posts: 692 Forumite
    We get a grand total of just over £6, haha.
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