Brian Kirby Posted January 10, 2008 Share Posted January 10, 2008 Many already know the advantages of this account, and their Credit Card, for obtaining foreign currency and making payments while abroad. One of the features of the current account is that it pays interest on the balance, currently 4% - provided more than £1,000 per month is paid in. The payments have to be credited within each calendar month, the clock sets back to £0 on the 1st of each month.However, some time back, and I don't know when, it seems they changed the basis on which the interest is calculated. There is now an upper limit on the qualifying balance, currently set at £3,000. The interest paid on any balance exceeding £3,000, falls to 0.1%.Those millionaires among you may wish to review where you keep your beer money! :-) Link to comment Share on other sites More sharing options...
twooks Posted January 10, 2008 Share Posted January 10, 2008 I didn't know that - but then I don't qualify - I use their e-savings account tho B-) Link to comment Share on other sites More sharing options...
Sparkle Posted January 10, 2008 Share Posted January 10, 2008 We'll always happily look after any excess for you Brian.. or anyone else for that matter.... Link to comment Share on other sites More sharing options...
handyman Posted January 10, 2008 Share Posted January 10, 2008 only affected me for 1 day, when the campervan money was in my account ready to pay for it Link to comment Share on other sites More sharing options...
colin Posted January 10, 2008 Share Posted January 10, 2008 Lloyd's did this last year, but with internet banking it's easy to more money around, but slightly annoying to have to. p.s. I see Clarckson has got caught out by his own cleverness http://www.pcpro.co.uk/news/152265/clarkson-admits-bank-stunt-blunder.html Link to comment Share on other sites More sharing options...
twooks Posted January 10, 2008 Share Posted January 10, 2008 went to a good cause tho B-) Link to comment Share on other sites More sharing options...
billbaillie Posted January 10, 2008 Share Posted January 10, 2008 The chances of my Nationwide account exceeding £3K at the the rate my dear wife spends money is so negligable that the rule won't affect me !!!! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.