RBS Vantage - over £5k interest

sjw64

Hi
I'm aware that RBS Vatage pays 2% interest for balances between 4 - 5k but then says "You won’t earn interest on any balance over £5,000".
Might seem a daft question but if you had £5,001 do you get *any* interest at all? I assume the interest simply stops at £5k - any balances above that don't earn interest. 
Thanks

MACKEM99

sjw64 said:

Hi
I'm aware that RBS Vatage pays 2% interest for balances between 4 - 5k but then says "You won’t earn interest on any balance over £5,000".
Might seem a daft question but if you had £5,001 do you get *any* interest at all? I assume the interest simply stops at £5k - any balances above that don't earn interest. 
Thanks

That is correct.

eskbanker

sjw64 said:

Hi
I'm aware that RBS Vatage pays 2% interest for balances between 4 - 5k but then says "You won’t earn interest on any balance over £5,000".
Might seem a daft question but if you had £5,001 do you get *any* interest at all? I assume the interest simply stops at £5k - any balances above that don't earn interest. 
Thanks

You might wish to edit your thread title, and post, as the institution offering Vantage is Bank of Scotland (typically abbreviated to BOS) not Royal Bank of Scotland (RBS), which is an entirely separate and unrelated organisation....