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Nat West & RBS Regular Savers
subjecttocontract
Posts: 3,240 Forumite
The balance of my RBS reg saver has reached £5K. Interest isn't paid on balances over £5K. Does anyone know if I can stop the monthly payments and just sit on the balance earning 5.5% ?
0
Comments
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Yes you can.4
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Just for clarity, interest is paid on money in excess of £5,000 but it is at a reduced rate of about 1.1% I think.Don't forget to scrape the interest every month to put in a higher paying account.3
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