UK Finance (uk.finance) Discussion about Finance issues in the UK.

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Old November 18th 04, 05:01 PM posted to uk.finance
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Default Interest on solicitor's client account


"Zarbol Tsar" wrote in message
...
Approximately what rate of interest would be paid on the money held
by a UK solicitor in a client account?

The amount of money is about £50,000 and the period is about two
weeks (although this could turn out to be longer).

Thank you for any info.


2.27% Gross AER. (Natwest)

Might be easier to look it up next time though - rates are publicly posted
on every banks site!

MC



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Old November 18th 04, 07:32 PM posted to uk.finance
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Default Interest on solicitor's client account


"Marcus Collie" wrote in message
...

"Zarbol Tsar" wrote in message
...
Approximately what rate of interest would be paid on the money held
by a UK solicitor in a client account?

The amount of money is about £50,000 and the period is about two
weeks (although this could turn out to be longer).

Thank you for any info.


2.27% Gross AER. (Natwest)

Might be easier to look it up next time though - rates are publicly posted
on every banks site!

MC

(though I should point out that clients accounts generally have a lot more
than £50,000 in total deposited in them. )




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