LloydsTSB Fixed rate Isa 6.5%

DavidAC · 30 April 2008 at 10:21PM

Sloughflint who in Lloyds TSB did you get the written confirmation from? Local branch?

My ISA is shown as credited eight days after the cheque date.

sloughflint · 1 May 2008 at 8:10AM

I sent letter to Ariel house, Birmingham plus name of branch/sort code ( see 'thank you for opening ISA' letter you probably got for address).
Reply came from local branch.

Same as you. Dates on IB didn't coincide hence the request for clarification.

MiserlyMartin · 2 May 2008 at 12:19AM

Heres a slightly different one. I completed a transfer form which arrived at Skipton BS via Lloyds. I got a letter from Skipton saying I can't do partial transfers. Does this mean the transfer is cancelled? Now what do I do, resend another form to Lloyds? Or is there some way I can amend the existing transfer to a full transfer>?

What a milarky!

carpy · 2 May 2008 at 6:12PM

carpy wrote: »

i think it would be interesting to see when people opened (applied?) for this account and when (if not still waiting) your transferred ISA's were credited.

in my case;

applied for/opened (by phone) - 22nd March 2008

ISA's transferred (from barclays & abbey) - ...............still waiting.......:mad:

what about you guys?

update

LTSB wrote to my providers on 7th April

Barclays Tax Beater closed (transferred) on 28th April

Abbey Direct ISA - not sure but no longer showing online so i guess it's been processed?

gelato_cat · 2 May 2008 at 9:24PM

First bit of timeline
Second bit of timeline

2nd May: Logged onto NS&I out of boredom. To my surprise I see a zero balance on my ISA. Looking at the transactions, it looks like they're closing the account on 7th May. I'll be expecting a letter from Lloyds shortly then!

Just checked the other two (Egg and YBS) and no activity there. Anyone remember what the initial tiered rates were (ie before the withdrawal of 6.5%)? I only have £3k with NS&I and since their own rate is cr-p I don't think I'll be losing much by having it sit on its own in the Lloyds account for a while. Luckily whichever of the others goes through next will push the balance over the magical £9k figure.

Suze

Suzey wrote: »

25th April: Received three letters (one for each current ISA) from Lloyds dated 21st April saying that they've written to my ISA providers, who have 30 days to send my money over.

Letters also say they will write to me again when the money has been transferred.

I will keep checking my other ISAs online to see when they are closed...

Suze

derrick · 3 May 2008 at 10:25AM

Suzey wrote: »

Anyone remember what the initial tiered rates were (ie before the withdrawal of 6.5%)?

http://www.lloydstsb.com/rates_and_charges/savings_rates_prev_page.asp#frisa

gelato_cat · 3 May 2008 at 10:31AM

taw! :beer:

Suze

derrick wrote: »

http://www.lloydstsb.com/rates_and_charges/savings_rates_prev_page.asp#frisa

DavidAC · 3 May 2008 at 12:54PM

Just been on the phone to the ISA support line. I was told the interest should be earned from the date on the cheque from my previous provider and the interest adjustment between cheque and account opening date added to my account. They confirmed this was not showing on my account, but should be by now! They will look into it and get back to me.

I then asked about when the fixed rate started and was told on account opening. I pointed out the terms and conditions, Account Opening point 2 that states its starts from the date of the first deposit. They will get back to me about this as well!

It just goes on with Lloyds TSB. For the journey, its feeling like a very long one.

MiserlyMartin · 4 May 2008 at 11:40AM

Its amazing that in this day and age, the providers are still sending cheques to each other! Transfers should be electronic and instant with which will ensure an automatic no loss of interest as standard, written into the ISA regulations and standards by goverment regulations (by FSA). The ISA system needs proper regulation and an overhaul. But with the jokers that we have in government at the moment, I don't see that happening. The FSA are a joke, look whats happened with Northern Rock. This government under their FSA umbrella, has built this credit and house price bubble. Now its popping and they have only just woken up to the monster they created. Brown lied and too many people believed him.

roddydogs · 5 May 2008 at 8:05AM

MiserlyMartin wrote: »

Its amazing that in this day and age, the providers are still sending cheques to each other! Transfers should be electronic and instant with which will ensure an automatic no loss of interest as standard, written into the ISA regulations and standards by goverment regulations (by FSA). The ISA system needs proper regulation and an overhaul. But with the jokers that we have in government at the moment, I don't see that happening. The FSA are a joke, look whats happened with Northern Rock. This government under their FSA umbrella, has built this credit and house price bubble. Now its popping and they have only just woken up to the monster they created. Brown lied and too many people believed him.

Cause its in their interest (no pun intended) to delay as much as possible- this means as its a fixed 1 year term, nobody will actually get 1 year at 6.5%:mad:

LloydsTSB Fixed rate Isa 6.5%

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