Tony Anderson
on Wednesday, 17 February, 2021 at 10:44 am
Hi Graham
If I apply now and later on increase my involvement will I get the higher rate later or will I be stuck on the lower rate ?
Thanks
Tony
CashMaster
on Wednesday, 17 February, 2021 at 11:45 am
The rate you get from 1st March onwards will be whatever rate you are on by the end of February.
Tony Anderson
on Wednesday, 17 February, 2021 at 3:28 pm
Thanks Graham
Can you still compound to increase the rate ?
CashMaster
on Wednesday, 17 February, 2021 at 4:14 pm
Too late now as this months interest has already been paid so the next payment is in March which is beyond the cut off. Whatever rate you are on by 1st March will be fixed for life.
Hi Graham
If I apply now and later on increase my involvement will I get the higher rate later or will I be stuck on the lower rate ?
Thanks
Tony
The rate you get from 1st March onwards will be whatever rate you are on by the end of February.
Thanks Graham
Can you still compound to increase the rate ?
Too late now as this months interest has already been paid so the next payment is in March which is beyond the cut off. Whatever rate you are on by 1st March will be fixed for life.