Interest on money held
Bird & Co Solicitors LLP will pay you a payment in lieu of interest earned whilst monies are held in our client account (provided the sum payable is £50 or more).
The level of interest you can expect to receive,* referred to as a payment in lieu of interest earned,* will be based on the *advertised interest rate(s)* payable by our primary bank on the relevant amount, as if it had been held separately in a designated client account in your name. If the amount calculated is less than £50 then no interest will be paid as our administrative costs would exceed this amount. Interest rates can be located via the following link:
https://www.lloydsbank.com/business/retail-business/rates-and-charges/clients-accounts-rates.html
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