INTEREST POLICY updated October 2024
Where we hold money in a designated client account, we will account to you for the interest earned on that account if we have held the sum for longer than 30 days and the interest payable is more than £30. Below that sum we consider that the administrative costs of dealing with the funds would exceed the interest due.
The sum paid will be 0.5% below the Lloyds Bank base rate for our client account and we would generally calculate the interest once the matter has concluded unless interim payments are appropriate, or we have entered into a agreement to contract out of this policy.
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