Avatar Image ladygizzel

bank interest

Can anyone help My solicitor is holding a cheque for £85.000 from the sale of my house Approx how much will he be getting interest from his bank He has held for 7 days
09:36 Wed 18th Jul 2012
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kjn2		Best Answer
Approximately £8.15
.
£85000.00 x 0.50% x 7 divided by 365
11:53 Wed 18th Jul 2012 Go To Best Answer

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fourteen85
I do not know how much but our solicitor passed on the interest to us
09:41 Wed 18th Jul 2012
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ladygizzel
Question Author
Hopefully mine may do the same
09:48 Wed 18th Jul 2012
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kjn2
Approximately £8.15
.
£85000.00 x 0.50% x 7 divided by 365
11:53 Wed 18th Jul 2012
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ladybirder
Is he holding it to pay towards the purchase of another house? If not why does he still have it?
11:58 Wed 18th Jul 2012
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ladygizzel
Question Author
Says he is waiting for buyers cheque to clear
21:49 Wed 18th Jul 2012
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factor-fiction
If it's in a client account it will get some interest but the rate will be under 1% pa. I think kjn's figure will be about right
21:52 Wed 18th Jul 2012

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