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yorkshire bank interest

Opened a YB Current account Direct recently. The terms state that they pay no interest on balances over 3k - does that mean that i will get the interest on 3k but nothing on the extra over 3k or do I have to keep the balance under 3k in order to get any interest. The notes don't make it clear.

Comments

  • LXdaddy
    LXdaddy Posts: 697 Forumite
    Part of the Furniture Combo Breaker
    the balance ABOVE £3k does not earn interest. The Balance UPTO £3K does earn interest.


    If you have a total of £3,500 you get interest on £3,000 and no interest on £500.
  • diamond_dave
    diamond_dave Posts: 828 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Yes, I thought that was the case. Thanks for you reply.
  • KingS6
    KingS6 Posts: 400 Forumite
    I know this is slightly off-topic but you say you opened a Current Account Direct recently, when was this? As I was informed by a member of staff yesterday that this product is no longer offered.
  • diamond_dave
    diamond_dave Posts: 828 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I opened the account on the last day available to get the £150 bonus. I think it was in April. As you say, the account is not available now.
This discussion has been closed.
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