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Advice req. ISA 5.85/ savings 8.5%

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Comments

  • Lavendyr wrote: »
    Correct :)

    Excellent thanks again ....
    ..........................
  • Steve_xx
    Steve_xx Posts: 7,007 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Meltdown wrote: »
    I agree with what Lavendyr says (from experience of such accounts), but can fully sympathise with Steve_xx's reading of the way in which these terms and conditions are usually worded. One sometimes wonders whether their authors need courses in remedial English!

    Yes, it's ambiguous to say the least. It would be better if it stated that amounts in the account upto £2500 would attract interest at 8.5%, and amounts in excess of this would attract a rate of 0.1%. It simply is not clear enough.
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