2009 Lloyds TSB ISA

surfcat

sleepless_saver wrote: »

The T&C say that the ISA starts from the date of first deposit, and that the end of the fixed rate period is the first anniversary of the date on which the ISA was opened. My ISA dosh was deposited on 3 March 08, but the letter I got from Lloyds today says the fixed rate expires on 11 February. So I will definitely be querying this as it's a good few weeks interest.

OH has the same problem with his Lloyds ISA. Looks like they are up to something iffy.

Yes, similar circumstances here (just got my letter today). I'll not accept this as I still have the T&C. I'll take it the ombudsman if necessary.

The other bit of crap in the offer for the new FRISA says,

because your account matures in February, if you apply for a new FRISA, we'll start it from 1 March 2009. This means you'll be in the variable rate Cash ISA throughout February before we transfer you onto our new fixed rate.

oxenryd

surfcat wrote: »

Yes, similar circumstances here (just got my letter today). I'll not accept this as I still have the T&C. I'll take it the ombudsman if necessary.

The other bit of crap in the offer for the new FRISA says,

Will be honest, I first read this post and thought it's going a bit OTT, but then I thought about it and I thought No, you are right actually, months is 12 months, they have clearly stated that it's from 1st deposit, it's their c*ckup really if it should state from opening.

And also have you seen the new TandCs for the new version, it clearly states

2. Your FRISA will start from the day we open your account.

They have obviously picked up on their error for ISAs from 08-9

ffacoffipawb

1618 wrote: »

Just received in the mail a letter from TSB offering me their rates for 2009 fixed rate Isa,was on 6.5% fixed rate 2008 must sign up before 9/02/2009 £21,000 plus 3.5% £30,000 PLus 3.75% 15,000 plus 3.25% what are your thoughts ? does not look bad to me in this climate remembering they are fixed rates.

I have over £50k in such an account. I would willingly accept their 3.75% on it.

Haven't received a letter though.

Bogof_Babe

ffacoffipawb wrote: »

I have over £50k in such an account. I would willingly accept their 3.75% on it.

Haven't received a letter though.

Neither has my husband yet. They are probably sending them out over a few days.

mersey

Got my letter today,seema a good deal to me the way rates are falling.

hotb

I got the letter this morning and mine matures on 11 April although the opening cheque went through on 15 April 2008 so they are doing me out of a few days but not worth worying about.

The best alternative on the main site is Nationwide with 3.75% fixed for 1 year, 4% for 2 years and 4.25% for 3 years. BUT will those rates be available in Feb / March? I doubt it myself - but what do I know.

For those complaining about being on the variable rate for a few weeks in February, it may not be all bad as if you sign up for the Lloyds deal and then you find something better before 1st March it could work to your advantage? You could probably get access to the money while the instant access terms apply?

Gambler

HardSpend wrote: »

Does everyones 6.5% fixed rate expire on 31 March 09?

i.e. it doesn't matter if you opened account 2 months later, the last two months interest will only be at the new variable rate?

11 Apr for me.

Wsb5tails

hotb wrote: »

I got the letter this morning and mine matures on 11 April although the opening cheque went through on 15 April 2008 so they are doing me out of a few days but not worth worying about.

The best alternative on the main site is Nationwide with 3.75% fixed for 1 year, 4% for 2 years and 4.25% for 3 years. BUT will those rates be available in Feb / March? I doubt it myself - but what do I know.

For those complaining about being on the variable rate for a few weeks in February, it may not be all bad as if you sign up for the Lloyds deal and then you find something better before 1st March it could work to your advantage? You could probably get access to the money while the instant access terms apply?

But the point is they want you to sign up to the new fix by 9th Feb so you cant then change your mind to go for a better deal in March

Fella

ffacoffipawb wrote: »

I have over £50k in such an account. I would willingly accept their 3.75% on it.

Haven't received a letter though.

How did u manage to get £50K in an ISA, they've only been around since 1999?

What trick am I missing....?

Wsb5tails

Another question for you, if my deposit last year was £28.6k and the interest (or 2009/10 deposit) will bring that to £30k do you think they'll give me the higher interest rate? or do you think you need to have the £30k in already?

I just reread the letter and it says "this is an early bird offer and is not YET open to all customers" implying that it will be a general offer at some point in the future. Wonder if that means that if we sit on the fence past the 9th Feb deadline we can still get the fix a month later?