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LloydsTSB Fixed rate Isa 6.5%

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  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I was told when i applied that there would be at most 3 days loss of interest on transfer!
  • stevedb11
    stevedb11 Posts: 104 Forumite
    MiserlyMartin wrote: »
    Ok, heres my update on my transfer into the new Lloyds ISA. I have a letter dated 18/2/08 from Abbey saying they completed the transfer to LLoyds TSB. I have logged into my Lloyds ISA online today and it is showing zero balance!!! I would like to know where my money is. I phoned their 24 hr online banking people and they were no help, told me they could only access the variable rate ISA on their system, not the fixed one. Sounds like a load of rubbish to me. They said I would have to phone my branch. My branch is only open 10am - 5pm and I can't phone from work! So not a good experience so far. Its a lot of money thats missing in limbo land somewhere, they had better backdate the interest to 18/2!!!
    Hi Martin
    Regarding my Transfer, I had a letter from the Kent Reliance BS on the 12th Feb, informing me my Funds had been transferred to Lloyds fixed rate ISA, I have been checking my Lloyds ISA balance online frequently.
    The Funds showed up in my Account yesterday the 26th, so its not a quick process. Hope this helps, Steve;)
  • johnmoney05
    johnmoney05 Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    stevedb11 wrote: »
    Hi Martin
    Regarding my Transfer, I had a letter from the Kent Reliance BS on the 12th Feb, informing me my Funds had been transferred to Lloyds fixed rate ISA, I have been checking my Lloyds ISA balance online frequently.
    The Funds showed up in my Account yesterday the 26th, so its not a quick process. Hope this helps, Steve;)

    May I ask what date of the fund credited into your LTSB? I hope not 26th. Thanks.
  • Geoffo_M
    Geoffo_M Posts: 1,161 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Steve - glad to hear your funds turned up. I am in two minds whether to transfer so I have been reading yours and Martin's experiences with interest. It will be interesting to see how long before Martin's money appears and how much interest you both will lose.

    Geoff
  • stevedb11
    stevedb11 Posts: 104 Forumite
    johnmoney05 wrote: »
    May I ask what date of the fund credited into your LTSB? I hope not 26th. Thanks.
    Yes the transfer is dated 26th on my screen, but I was previously informed that interest is backdated to the date of reciept, (cheque by post) I presume.
    Steve
  • stevedb11
    stevedb11 Posts: 104 Forumite
    I have just recieved a letter from Lloyds Cash ISA team, informing me they have Increased the Accuring intrest on my ISA by £xx.xx, here is the exact wording of the Letter:

    Quote
    "This sum represents the13 days of interest for the period from the transfer date of your previous ISA provider to today. This will be reflected on your account as part of your next interest payment. Yours sincereley , Lloyds TSB Cash ISA Team"

    Hope this Info will relieve the concern some ops have been expressing about loss of interest.;) Regards Steve
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Is this deal still running? Or maybe I'm being Thick:o...it's just that Lloyds web site says 5.5% AER?:confused:
  • surfcat
    surfcat Posts: 734 Forumite
    setmefree2 wrote: »
    Is this deal still running? Or maybe I'm being Thick:o...it's just that Lloyds web site says 5.5% AER?:confused:

    Yep, it's still there under savings!
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Found it! Fixed rate cash ISA! Coooool - 6.5% I'd like some of that ;-)
  • Geoffo_M
    Geoffo_M Posts: 1,161 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    sleepless_saver wrote: »

    "You cannot open a Fixed Rate Cash ISA where you have already opened or contributed to a Cash ISA (held either with us or another provider) in the same tax year (unless you transfer the whole account into this one)...."

    I have one ISA and that is with YBS. The total is over £20,000 which INCLUDES this year's £3,000. Reading their 'important information' above, does this mean I cannot open a Fixed Rate Cash ISA with Lloyds?

    Maybe I have to wait til 5th April (assuming the offer stays til May) and then be eligible to transfer and add maximum £3,600?

    Geoff
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