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  • FIRST POST
    • leeroy2009
    • By leeroy2009 11th Oct 16, 5:19 PM
    • 575Posts
    • 224Thanks
    leeroy2009
    club lloyds dropping to 2%, halifax rewards to 3
    • #1
    • 11th Oct 16, 5:19 PM
    club lloyds dropping to 2%, halifax rewards to 3 11th Oct 16 at 5:19 PM
    club lloyds dropping to 2%, halifax rewards to 3


    just read this:


    http://www.dailymail.co.uk/money/saving/article-3832546/Now-Lloyds-cuts-rate-current-account-customers-Club-Lloyds-deal-dropping-4-2.html
Page 1
    • badger09
    • By badger09 11th Oct 16, 6:30 PM
    • 4,266 Posts
    • 3,480 Thanks
    badger09
    • #2
    • 11th Oct 16, 6:30 PM
    • #2
    • 11th Oct 16, 6:30 PM
    Club Lloyds dealt with here, but I hadn't seen the Halifax Reward drop

    http://forums.moneysavingexpert.com/showthread.php?t=5539312
    • leeroy2009
    • By leeroy2009 11th Oct 16, 6:35 PM
    • 575 Posts
    • 224 Thanks
    leeroy2009
    • #3
    • 11th Oct 16, 6:35 PM
    • #3
    • 11th Oct 16, 6:35 PM
    cheers, other thread is in wrong section.
    • guestman
    • By guestman 12th Oct 16, 2:44 AM
    • 152 Posts
    • 90 Thanks
    guestman
    • #4
    • 12th Oct 16, 2:44 AM
    • #4
    • 12th Oct 16, 2:44 AM
    ill not bother then with such p1ss poor rates, ill just use some of my accounts to switch to co-op and m&s for the switch bonuses. keeping Halifax as my main account and tsb because its local
    • Ben8282
    • By Ben8282 12th Oct 16, 3:55 AM
    • 1,339 Posts
    • 501 Thanks
    Ben8282
    • #5
    • 12th Oct 16, 3:55 AM
    • #5
    • 12th Oct 16, 3:55 AM
    I have a Club Lloyds Premier account. It would have been nice if Lloyds had bothered to inform their customers of this rather than let them read about it here first.
    I assume this has been verified as true as the website is still advertising the 4%. Rather misleading to potential new customers if the rate is to drop within the next 3 months.
    Last edited by Ben8282; 12-10-2016 at 3:59 AM.
    • joe134
    • By joe134 12th Oct 16, 6:51 AM
    • 2,929 Posts
    • 383 Thanks
    joe134
    • #6
    • 12th Oct 16, 6:51 AM
    • #6
    • 12th Oct 16, 6:51 AM
    with tsb doing the same,5%>3%, and only 1500, I will just shut them all down, p*** poor rates, not worth the hassle.
    In all combined, the saving is peanuts, won't have to bother with all the dd's with other bank then, as they will be next,T, on their current a/cs.
    sign of the times
    updating.my paper work is going down drastically
    • Kim_13
    • By Kim_13 12th Oct 16, 7:10 AM
    • 878 Posts
    • 860 Thanks
    Kim_13
    • #7
    • 12th Oct 16, 7:10 AM
    • #7
    • 12th Oct 16, 7:10 AM
    More Virtual Sealed Pot money from February courtesy of Halifax then (I round my accounts to the nearest 5.)

    joe134, where did you hear this? I haven't heard that TSB have confirmed any changes.
    Sealed Pot Challenge #10 No. 520 ~ ?/100
    Virtual Sealed Pot Challenge ~ #9
    Completely Crazy Clothes Challenge 2016 ~ Probably about 100 over budget!
    Emergency Fund #170 ~ 300
    Xmas 2017 #25
    • joe134
    • By joe134 12th Oct 16, 7:21 AM
    • 2,929 Posts
    • 383 Thanks
    joe134
    • #8
    • 12th Oct 16, 7:21 AM
    • #8
    • 12th Oct 16, 7:21 AM
    More Virtual Sealed Pot money from February courtesy of Halifax then (I round my accounts to the nearest 5.)

    joe134, where did you hear this? I haven't heard that TSB have confirmed any changes.
    Originally posted by Kim_13
    Daily Mail today.Expect the usual comments about a proper paperhey 've been correct everytime so far
    I suppose LLoyds A/c will have to be cancelled in writing, because of the fee, waived if monthly payment met??
    looks likes a new car instead.


    Fresh blow to savers as banks slash interest rates: Lloyds, TSB and Halifax unveil plans to cut figure on popular current accounts
    UK's high street giants unveiled plans to cut headline rates on accounts
    Lloyds said it will cut 4pc top rate on popular Club Lloyds account to 2pc
    And TSB said it would reduce interest to 3 pc from the start of next year
    By RUTH LYTH


    Read more: http://www.dailymail.co.uk/news/article-3833518/Fresh-blow-savers-banks-slash-rates-Lloyds-TSB-Halifax-unveil-plans-cut-figure-popular-current-accounts.html#ixzz4Mqk2kXmI
    Follow us: @MailOnline on Twitter | DailyMail on Facebook
    Last edited by joe134; 12-10-2016 at 8:05 AM.
    • hansi
    • By hansi 12th Oct 16, 7:56 AM
    • 2,884 Posts
    • 566 Thanks
    hansi
    • #9
    • 12th Oct 16, 7:56 AM
    • #9
    • 12th Oct 16, 7:56 AM
    I only switched my current account from Smile to Halifax Current Reward Account in branch yesterday and they didn't mention anything about this?
    • joe134
    • By joe134 12th Oct 16, 8:00 AM
    • 2,929 Posts
    • 383 Thanks
    joe134
    I only switched my current account from Smile to Halifax Current Reward Account in branch yesterday and they didn't mention anything about this?
    Originally posted by hansi
    they probably didn't know either.you will still get your switch fee.
    • 20aday
    • By 20aday 12th Oct 16, 8:40 AM
    • 1,721 Posts
    • 695 Thanks
    20aday
    In one way it'll benefit me because I'll earn 2% per month instead of 1% like I am at present.

    However it's a massive blow for those who get 4% between 4-5,000.

    Tesco Bank still offer up to 3% on balances up to 3,000-I wonder if they'll be next in line?
    It's not your credit score that counts, it's your account conduct and credit history.
    • sgarrod79
    • By sgarrod79 12th Oct 16, 9:10 AM
    • 2 Posts
    • 2 Thanks
    sgarrod79
    Just what we need. I migrated to both Halifax reward and TSB from my interest-less HSBC account this year. This combined with the drop in the value of the pound is devastating for savers.

    Bank of England is rapidly becoming useless, cutting rates and printing money through QE like no tomorrow reducing the value of what little money we have left.

    Carney should be fired.
    • apt
    • By apt 12th Oct 16, 9:13 AM
    • 3,041 Posts
    • 1,705 Thanks
    apt
    The people who should be fired are the 52% who voted to make us poorer.
    • Rich2808
    • By Rich2808 12th Oct 16, 9:56 AM
    • 334 Posts
    • 315 Thanks
    Rich2808
    The people who should be fired are the 52% who voted to make us poorer.
    Originally posted by apt
    Mark Carney backed remain and he and MPC decided to cut rates when there was absolutely no need. If they were doing their job as they should be with the pound down and inflation going up they should have raised rates as would have occurred in the past - but that might see house prices fall which now seems to be the only thing they care about.

    Carney should be got rid of ASAP - his policies have been a disaster and are destroying pensions and saving and creating a Ponzi scheme economy built on house prices and a bubble stock market,
    PS people were told rates would rise If they voted leave!
    Last edited by Rich2808; 12-10-2016 at 10:00 AM.
    • MABLE
    • By MABLE 12th Oct 16, 10:00 AM
    • 3,065 Posts
    • 1,617 Thanks
    MABLE
    The people who should be fired are the 52% who voted to make us poorer.
    Originally posted by apt
    Sorry pal but I was a leaver. Do you worst.
    • joe134
    • By joe134 12th Oct 16, 10:15 AM
    • 2,929 Posts
    • 383 Thanks
    joe134
    Sorry pal but I was a leaver. Do you worst.
    Originally posted by MABLE
    me too, same as 1975.should never have gone in.The French, deGaul, stopped us enough times, now they want to stop us leaving.Wonder why
    • PeacefulWaters
    • By PeacefulWaters 12th Oct 16, 10:25 AM
    • 5,074 Posts
    • 6,094 Thanks
    PeacefulWaters
    I have a Club Lloyds Premier account. It would have been nice if Lloyds had bothered to inform their customers of this rather than let them read about it here first.
    I assume this has been verified as true as the website is still advertising the 4%. Rather misleading to potential new customers if the rate is to drop within the next 3 months.
    Originally posted by Ben8282
    How does that work? They send out a mailing to over a million customers phased over a few days. You get your letter in the first phase and rush to MSE to tell the world. I get my letter a few days later.

    You'll get two months written notice of the change. The press have just given you slightly more advance warning.

    Not a problem, is it?
    • PeacefulWaters
    • By PeacefulWaters 12th Oct 16, 10:28 AM
    • 5,074 Posts
    • 6,094 Thanks
    PeacefulWaters
    In one way it'll benefit me because I'll earn 2% per month instead of 1% like I am at present.
    Originally posted by 20aday
    Per year ...
    • joe134
    • By joe134 12th Oct 16, 10:49 AM
    • 2,929 Posts
    • 383 Thanks
    joe134
    How does that work? They send out a mailing to over a million customers phased over a few days. You get your letter in the first phase and rush to MSE to tell the world. I get my letter a few days later.

    You'll get two months written notice of the change. The press have just given you slightly more advance warning.

    Not a problem, is it?
    Originally posted by PeacefulWaters
    I'm sick of the bloody letters, telling me the rates are dropping.
    just had one this minute,halfax, isa, now 0.05% instead of 0.25%, which another letter told me yesterday.
    they come daily, just like junk.
    If only they were as good at dealing with your affairs.
    • Heng Leng
    • By Heng Leng 12th Oct 16, 12:07 PM
    • 3,501 Posts
    • 1,047 Thanks
    Heng Leng
    Were were pushing Thresea May to trigger article 50 - hardly evidence of 'stopping us leaving'.

    Had a German friend over the weekend and she said it was one of bemusement but they weren't that bothered either way. She said it's sometimes best to jettison the high maintenance lover...


    me too, same as 1975.should never have gone in.The French, deGaul, stopped us enough times, now they want to stop us leaving.Wonder why
    Originally posted by joe134
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