Lloyds TSB internet saver 5-5.5%

cheekykid

I opened an account with them some time ago with a 5% interest rate. A short while after the interest rate went up to 5.5%. Any idea if am eligible for the new one?

Baldur

cheekykid wrote: »

I opened an account with them some time ago with a 5% interest rate. A short while after the interest rate went up to 5.5%. Any idea if am eligible for the new one?

The rate starts at 3.75% and is only 5.5% for £100,000 plus - see http://www.lloydstsb.com/rates_and_charges/savings/internet_saver.asp

cheekykid

Baldur wrote: »

The rate starts at 3.75% and is only 5.5% for £100,000 plus - see http://www.lloydstsb.com/rates_and_charges/savings/internet_saver.asp

Yes I have 100K+ with them. Am not sure if am entitled for the new rate

halight

Hi mate.

I think that you you should be on the new rate.
It dose not say anything about only being for new accounts opend.
So you should be getting this amout now
All the best

Baldur

cheekykid wrote: »

Yes I have 100K+ with them

See http://www.lloydstsb.com/legal/savings_legal/internet_saver_page.asp

You can only open one Internet Saver account (solely or jointly). If you already have an Internet Saver account you cannot open another one.

cheekykid

halight wrote: »

Hi mate.

I think that you you should be on the new rate.
It dose not say anything about only being for new accounts opend.
So you should be getting this amout now
All the best

I am not sure. Gotta ask my bank.

ozzage

Looks to me like you won't get the current rate on your old account. Unless I'm mistaken, there are different rates depending on when you opened your account.