2009 Lloyds TSB ISA

oxenryd

sheslookinhot wrote: »

Better than what ?

Better than the ones offered in the letters. Though obviously, am just going to wait to see on 4th feb

ffacoffipawb

oxenryd wrote: »

Better than the ones offered in the letters. Though obviously, am just going to wait to see on 4th feb

What a great way to alienate those who took the fixed rate offer. Great.

I doubt this is true really. I wish I had received the offer mentioned here as it is well in excess of the "artificially-low-to-get-Clown-re-elected-though-it-will-hopefully-fail" base rate.

roddydogs

If it is better, u will have 5 days , as the fixed rate promise expires on 9th Feb

Richchad

Birmingham Midshires Fixed ISA rate dropped from 4.2% to 3.5% from 26th January...looks like LloydsTSB rate might be the best around.....unless they all suddenly raise the rates in March :rolleyes:

Geoffo_M

sheslookinhot wrote: »

Better than what ?

I should imagine if it is better, it will be referring to the variable rate - which, from memory is 2%. Lloyds rarely improve a rate. What they do is give an average rate - and them withdraw it pretty quickly.

Comfortably_Numb

Still haven't received a letter, so I rang today. I was told all fixed rate account holders are eligible for this, and they are sending me the letter.

Not sure why we haven't all got them automatically though.

MiserlyMartin

derrick wrote: »

There is a long thread running from January last year, http://forums.moneysavingexpert.com/showthread.html?t=725969,
Might I suggest that you have a glimpse though it,( it is a long one), as you will see that you will not get the 12 month from deposit,(unless that deposit was made at time of opening), but from the date you opened the account, it has been done to death on that thread and there is hope of receiving the full 12 month @ 6.5% but it involves the interest paid by the institution it is transferring from and then the difference between the two.

My post on there; - http://forums.moneysavingexpert.com/showthread.html?t=725969&page=43 #1271, gives links to most of my responses, these might help condense the issue.

HTH.

.

Hello. I have been on at Lloyds for the last 3 months trying to resolve the issue about the start date of the 6.5% period. I spoke to Lloyds again today and they told me that an internal instruction appeared yesterday advising the company that the 6.5% period WILL now be applied not from the account application date but from the date of the first deposit until the 12 month aniversary. Apparently written confirmation will be sent out about this to customers. I have been told I will get this in writing by 4/2/09. I made it plain to them that if this does not happen I will go to the ombudsman and the media.

derrick

MiserlyMartin wrote: »

Hello. I have been on at Lloyds for the last 3 months trying to resolve the issue about the start date of the 6.5% period. I spoke to Lloyds again today and they told me that an internal instruction appeared yesterday advising the company that the 6.5% period WILL now be applied not from the account application date but from the date of the first deposit until the 12 month aniversary. Apparently written confirmation will be sent out about this to customers. I have been told I will get this in writing by 4/2/09. I made it plain to them that if this does not happen I will go to the ombudsman and the media.

Which is exactly what most of us in the other thread had been saying, and what it stated on the application form; - "2. Your FRISA will start from the date of your first deposit which must be accompanied by a valid application form. Applications cannot be backdated."

My highlighting.

michaels

I assume this means I will be fine for 12 months on my transfer (A/c opened in April, transfer in completed in June) but the missus also put the 2008/9 allowance in to the account on the opening date in April so will lose out on her transfer which did not reach till June?

derrick

michaels wrote: »

I assume this means I will be fine for 12 months on my transfer (A/c opened in April, transfer in completed in June) but the missus also put the 2008/9 allowance in to the account on the opening date in April so will lose out on her transfer which did not reach till June?

It would appear so as she deposited in April, however don't forget she would still be earning interest on the transfer money,(at the rate in that ISA account), as it is still in an interest bearing ISA account, until the date on the cheque, this should be about 2-5 days prior to it reaching Lloyds.