Express Solicitors

Email: advice@expresssolicitors.com | Tel: 0161 904 4660 | Freephone: 0800 158 5274

24/7 Freephone Number: 0800 158 5274

Interest Policy

The firm’s policy will remain unchanged from that applied under The Solicitors’ Accounts Rules 1998:-

No interest will be paid to clients if:-

• The amount of that interest, as calculated following the procedure set out below amounts to £20.00 or less.
• If the sum of money held does not exceed the amount shown in the left hand column below for a time not exceeding the period indicated in the right hand column:

• If the sum of money held exceeds £20,000 but is held for one week or less, no interest shall be paid to the client unless it is deemed fair and reasonable to account for a sum in lieu of interest having regard to all the circumstances. Such determination shall be made on a case by case basis by Robin Patey or, in his absence, James Maxey.
• the rate of interest payable shall be calculated by reference to the current rate of interest paid to the firm by RBS on the client account.

This policy will be reviewed together with the interest rate applicable for any interest payments due to clients on monies held on an annual basis

06.10.2011