Hi I wonder if anyone can help. A relative started a one year high interest monthly paid account with lloyds/tsb and not long after he sadly passed away. As joint executor to his will I am trying to sort the finances. A bank account in the executors names is being started and what we wish to know, and the bank didn't have an answer today on this is:
1) Two monthly interest payments have been made, the account was for one year, it was started in July 2004 yet I'm told the year is up in September 2005. Does that make any sense?
2) Do I have to now shut this account or am I allowed to let it run full term? What sort of penalty if any can we expect if it is closed early? TIA