Savings Pot - Provider fee query

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1

In the terms for the savings pots it states:

This will be between 0.15% and 0.20% (depending on the Provider) of the money in your Flexible Savings Pot.

And just so you know, the fee we take on the money you save doesn’t affect the interest rate you get.

I appreciate this transparency. And I understand this fee is not applied to my balance but instead taken from the provider, but I’m curious of the frequency of this 0.15% fee. I’m assuming it is 0.15% APR?

Anyone have any ideas?

2

That’s how I’ve read it.

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