My bank gives me interest in apr on savings

psychic_teabag

innovate wrote: »

Also, Lloyds Vantage hasn't paid 4% in years on £7K. There was an offer last October for 4% on balances between £3K and £6K, limited to 1 year, provided there are 2 DDs on the account.

I think it was 4% on the whole balance if it was between 5k and 6k, but that's just a detail. But I think you had to specifically ask for it - even if you already had 2 D/D's on the account, they wouldn't have automatically given you the bonus rate.

innovate

psychic_teabag wrote: »

I think it was 4% on the whole balance if it was between 5k and 6k, but that's just a detail. But I think you had to specifically ask for it - even if you already had 2 D/D's on the account, they wouldn't have automatically given you the bonus rate.

My bad, yes, the 4% (on entire balance) is just if balance is between £5K and £6K. Otherwise it's just 3%. And yes, you had to specifically ask for it, and have the 2 DDs.

xylophone

basically when i am logged into internet banking there is a tab which says "interest rates"
there is listed all of my accounts, and their interest rates all in APR
but on the banks homepage all of the interest rates are listed in AER and are much lower
ive never seen savings rates listed in APR before,
but for years its lead me to believe im getting the best rates

http://www.guardian.co.uk/money/2006/nov/28/consumernews.consumeraffairs1