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Lloyds Bank Monthly Interest
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anotheruser
Posts: 3,485 Forumite
I am clearly being blind here.
http://www.lloydsbank.com/current-accounts.asp?WT.ac=SNCA1012
So if I have £3000 in an account, and it pays 2.9% gross per month, that means I will get £87 a month in interest alone?
I am missing something here. What is it?
http://www.lloydsbank.com/current-accounts.asp?WT.ac=SNCA1012
So if I have £3000 in an account, and it pays 2.9% gross per month, that means I will get £87 a month in interest alone?
I am missing something here. What is it?
0
Comments
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You get £87 a year, not a month. it is 2.9% AER (Annual Equivalent Rate)0
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- it's been a long morning!
Thanks0
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