Common use of INTEREST ON YOUR ACCOUNT Clause in Contracts

INTEREST ON YOUR ACCOUNT. 4.1 Interest on your account will be paid at the account interest rate. The account interest rate is a fixed rate of interest. This means that we do not have the right to change the interest during the term of your account but it does not track movements in a specific market rate (e.g. the Bank of England base rate). It will remain the same for the term of your account.

INTEREST ON YOUR ACCOUNT. 4.1 5.1 Interest on your account will be paid at the account interest rate. The account interest rate is a fixed variable rate of interest. This means that we do not have the right to change the interest during the term of your account but it does not track movements in a specific market rate (e.g. the Bank of England base rate). It will remain Please ensure you read the same for terms and conditions in full (in particular clause 8 in the term of general terms and conditions) so that you understand how we may change your accountaccount interest rate and what rights you have where changes are made.