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Entry on bank statement

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  • 01-07-2011 12:51am
    #1
    eman66
    Closed Accounts Posts: 602 ✭✭✭


    Would anyone know what these lines on a bank statement mean:

    (date) Interest Rate
    (date) Credit @ 1.000%
    (date) Lending @ 12.200%

    The three dates are the same. There's no corresponding amounts.


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    #2
    GerardKeating
    Registered Users Posts: 7,652 ✭✭✭GerardKeating


    eman66 wrote: »
    Would anyone know what these lines on a bank statement mean:

    (date) Interest Rate
    (date) Credit @ 1.000%
    (date) Lending @ 12.200%

    The three dates are the same. There's no corresponding amounts.

    This is there way of informing you of a rate change...


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    #3
    eman66
    Closed Accounts Posts: 602 ✭✭✭eman66


    Thanks for the reply and sorry for my ignorance but that doesn't fully explain it for me! What might it apply to? Only loan I have is a mortgage.


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    #4
    GerardKeating
    Registered Users Posts: 7,652 ✭✭✭GerardKeating


    eman66 wrote: »
    Thanks for the reply and sorry for my ignorance but that doesn't fully explain it for me! What might it apply to? Only loan I have is a mortgage.

    The rates for the current (or maybe it's a deposit) account in which the entries appear.


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    #5
    eman66
    Closed Accounts Posts: 602 ✭✭✭eman66


    Cheers! It's a current account, so 1% for black, 12% for red?


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    #6
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Pretty much, yes.


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