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Elderone
Posts: 40 Forumite
Hi. I just wonder if anyone can clarify what interest you earn on the amount above the 2500k at 5%. Say if you had 5k or 10k in there? Sorry if it is obvious 🙂
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0% - if your balance goes over £2500 move the balance to an interest bearing account but keep paying in your monthly sum but immediately move it away.Never pay on an estimated bill. Always read and understand your bill2
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It's 5% on 2.5k not 2500k. Sadly!Elderone said:Hi. I just wonder if anyone can clarify what interest you earn on the amount above the 2500k at 5%. Say if you had 5k or 10k in there? Sorry if it is obvious 🙂
No interest on any other money.
So if you had 5k in the account you'd get 5% on half of it (the first 2.5k) and nothing on the other half (the rest of the 5k).1
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