Lloyds FRISA 6.5% Start Date disputes thread

skitskut

wiimad wrote: »

Does anybody know what rate lloyds were paying on this isa when i opened the account on 15th April with £3000 in to start off with(Before another 10k was transfered in around july time).As the 6.5% was on 9k and above. Thanks

I'm pretty sure it was 5% on 3K-6K, 5.15% 6K-9K and 6.5% 9K+

echelon_2

michaels wrote: »

OK, have letter stating 12 months will end on anniversary of transfer being credited to the account but as with others there is still a one month gap between this date and my previous ISA being closed. How have people had this resolved?

Interest will be backdated to the date on the cheque of the first deposit, so there will be no "gap". I was told this on two occasions when opening the account, no were numerous other people.

bilbo_2

I thought we were getting 8% ???

Leighthal

sloughflint wrote: »

I apologise for not reading the thread but I know I've picked the right one.

After all the shenanigans last year with start date, the fools have sent a letter stating that the ISA matures a good 6 days after even the funds were received ( an in-house transfer would you believe) and two weeks after the account was opened.Interest will be at the fixed rate until that date.:rotfl::rotfl:

I hope the rest of this thread is as positive as my post.

Interestingly, the letter also says that funds can be withdrawn without the 90 day penalty.

I have just skimmed a few posts. I am sorry they are not positive. This bank is clueless.But then we knew that when we were contributing to the old thread.

My wife just got a letter about her ISA stating this also.

MiserlyMartin

I've thought about this and came to the conclusion that they mean that after the original maturity date, you can withdraw without the 90 days notice, as it has been extended. But not before. This is just to get them on the right side of the law as regards the T's & C's.

derrick

MiserlyMartin wrote: »

I've thought about this and came to the conclusion that they mean that after the original maturity date, you can withdraw without the 90 days notice, as it has been extended. But not before. This is just to get them on the right side of the law as regards the T's & C's.

Not the way I read it! from my post #26 ; -

Dear Mr *******
Your Lloyds TSB Fixed Rate Cash ISA - when it will mature
Your Fixed Rate Cash ISA will mature on 19/05/2009, which is the anniversary of the date that your first deposit was made into your account.

You don't need to do anything as you'll continue to earn interest at the rate of your Fixed Rate Cosh ISA until it matures in to the variable rate Cash ISA, according to your terms and conditions

If you would like to take your money out of your Fixed Rate Cash ISA beforeyour new maturity date, you can. We won't apply the 90 day interest penalty Thank you for saving with us.

Yours sincerely



After the maturity date there are no restrictions.

Leighthal

I think Lloyds are giving you the opportunity to withdraw some or all of your money without penalty so they can avoid some interest payments.Maybe they are scared after the toxic buyout of HBOS.

bluboy

derrick wrote: »

I have just spoken to Lloyds re my FRISA, (had problems logging on), and have been told that as from 16th February,(next Monday), there will be a dedicated helpline available for questions about their ISA's, ( I bet that will be busy!). That number is not available until the 16th.

Does anyone know if this actually happened. If so does anyone know the new dedicated number?
I'd like a word :mad:

derrick

bluboy wrote: »

Does anyone know if this actually happened. If so does anyone know the new dedicated number?
I'd like a word :mad:

Details of the new FRISA are HERE, (rate 3.20%), along with a telephone number, 0800 015 0060 , don't know if that is THE dedicated number, but it is on their FRISA page.

humfer

Had a letter the other week stating that my ISA will mature on the 3rd March which is a year after the first deposit was received and not the 9th February which was when the account was opened

Just had my statement today which calculates interest up to the 9th February. Just phoned them up to check that I assume their system hasn't caught up with the new maturity date and sort of got a yes, but not completely confident. I assume that come the 3rd March some more interest (at 6.5%) will be added?