Aa One Year Internet Bond 7.21%

noh

Speculator wrote: »

I forgot to make a note of the maturity date for this account.

Does it mature on a specific date or twelve months from the date of first deposit?

Thanks in advance.

12 months from date of first deposit.

Nigel

DocProc

mary

Not strictly true. I believe they have a limit of £10,000 (currently - but it might have changed either up a bit or even down a bit since it was at this level, roughly last week).

With Lloyds TSB, only Phonebank uses Faster Payments. Their Online Payments does not use Faster Payments and so a transaction with this does take about 2, 3 or even 4 days depending on where it is going.

These facilities are called something like, "Additional Services" (or something fairly similar) and as such, according to their Terms and Conditions, which refers to this as a type of additional facility for customers, they can vary the Individual Transaction Limits and Daily Transaction Limits as they wish for both Phonebank and Online Transfers.

If you don't believe me, make a point of asking the next Phonebank operator about it.

mary

DocProc wrote: »

mary

Not strictly true. I believe they have a limit of £10,000 (currently - but it might have changed either up a bit or even down a bit since it was at this level, roughly last week).

Not quite sure what you are referring to, as I don't remember mentioning a limit with Lloyds, but I do believe likewise that it's usually around £10K.
It was by accident when I rang one time I discovered that Phonebank transactions can go through as Faster Payments, whereas online ones in my experience have dragged their feet. I do now have £11K in AA, but the amounts did not all come from Lloyds. That's what I was meaning, that
provided you had the sort code and account number, the money gets there regardless of being a linked account or not.

Beate

I sent my cheque on the 13th of October and today FINALLY the amount was debited from my account! Amazing. Does anyone know whether they backdate interest as I have had little or no interest for this money in my current account the last 14 days and did not dare move it there any later because I thought they would debit it any time!

Speculator

Unfortunately, they do not backdate interest.

I kept my money in a high interest savings account linked to my current account. Then, I phoned them virtually every day to check to see if they've processed my cheque so that I can time my transfer to my current account to minimise loss of interest.

I worked out that I will gain approx £4 for everyday that I can keep my money in my High interest a/c instead of my 0.1% current a/c.

Dagobert

Speculator wrote: »

I kept my money in a high interest savings account linked to my current account. Then, I phoned them virtually every day to check to see if they've processed my cheque so that I can time my transfer to my current account to minimise loss of interest.

As a matter of interest (pun not intended): how many days did you give it once you knew they had processed the cheque?
I had planned to do that, too, but was caught out by Cahoot being offline for 2 days (web + in-house system). After that I did not dare park my money in the web saver in case this should happen again.

Speculator

I transferred the money on the day after they said they paid in my cheque. So if they paid in my cheque on a Monday, I did the transfer 00.01 on Tuesday.