Lloyds Classic Plus 6% - is your interest correct this month?

Richard_Cocks

I haven't done a full check yet but what I got feels about right so here's hoping.

altocumulus

LittleVoice wrote: »

The apologetic letter for me arrived today. I had not contacted them to complain.

It's probably a "small number" because those of us who took advantage of the 6% offer are a small proportion of all the current account holders that LTSB have.

ie only those who noticed the change !!!!

Mr_Glover_Lover

I've been into my branch this afternoon and the interest rate has been reduced to 3.5% as of today. Checked it out on their website and it's true: http://www.lloydstsb.com/rates_and_charges/current_account_rates_curr_page.asp#currentaccountsplus

Dagobert

Mr_Glover_Lover wrote: »

I've been into my branch this afternoon and the interest rate has been reduced to 3.5% as of today. Checked it out on their website and it's true: http://www.lloydstsb.com/rates_and_charges/current_account_rates_curr_page.asp#currentaccountsplus

That will be the normal Classic Plus rate. The question is what is the enhanced rate for those who made use of the special 6% offer.

Milarky

Dagobert wrote: »

That will be the normal Classic Plus rate. The question is what is the enhanced rate for those who made use of the special 6% offer.

That should be about 5.5% - since only the bonus rate was fixed @ 1.91%pa

Rate was 3.93 + 1.91 = 5.84 gross/6% AER

'3.5' is probably 'AER' so becomes 3.45 + 1.91 = 5.36gross/5.49 AER????

Paul_Herring

Dagobert wrote: »

That will be the normal Classic Plus rate. The question is what is the enhanced rate for those who made use of the special 6% offer.

I need to check last month's, but I've received a letter, and ex-gratia payment from my complaint about their inability to work out 6% of a rolling balance.

I don't expect to complain about it.But I will do if necessary.

~Chameleon~

Not been paid any interest here either today.

~Chameleon~

sloughflint wrote: »

Looking at another thread, whilst it is due to be paid today and I thought LTSB worked real time, maybe it won't show up until tomorrow.
Thanks for responding.

Well, they're quick enough to take payments out, even over a weekend, and often before the due date so can't see why they have difficulty in paying money in on time. It was due on Saturday after all!

I'll check again around 11pm this evening as I've known transactions show up online around this time before.

Dagobert

~Chameleon~ wrote: »

It was due on Saturday

Interest was not due on Saturday but to-day on Monday 3rd November, see post #105.

p1an0player

Hi, I went for this offer but I can't remember, was it 6% fixed or will it have gone down in line with the BOE reduction? Thanks