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Loughborough r/s Plus 1 - historical rates

Dagobert
Posts: 1,625 Forumite
Does anyone know the historical rates for this account?
I opened the account in March 2007.
I opened the account in March 2007.
Dagobert
0
Comments
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Bank of England Rate plus 2.5% if I recall correctly. Assume Loughborough changes rates the 1st of the following month, then we have
March 2007 5.25 + 2.5 = 7.75
June 2007 5.50 + 2.5 = 8.00
August 2007 5.75 + 2.5 = 8.25
January 2008 5.50 + 2.5 = 8.00
March 2008 5.25 + 2.5 = 7.75
May 2008 5.00 + 2.5 = 7.50
November 2008 4.5 + 2.5 = 7.00
December 2008 3.0 + 2.5 = 5.50
January 2009 2.0 + 2.5 = 4.50
February 2009 1.5 + 2.5 = 4.00
March 2009 1.0 + 2.5 = 3.50
[April 2009] 0.5 + 2.5 = 3.00.....under construction.... COVID is a [discontinued] scam0 -
Did you get an extra unexpected cheque from them after closing the account - I did:j :j :j :j
Now I see if I can work out why they sent it!!Do Money Saving sites make you buy more bargains - and spend more money?0 -
Bank of England Rate plus 2.5% if I recall correctly. Assume Loughborough changes rates the 1st of the following month, then we have
March 2009 1.0 + 2.5 = 3.50
[April 2009] 0.5 + 2.5 = 3.00
Rate only fell by 0.25% on 1 March 2009 to 4.25%, April actual rate (not talking about change to the guaranteed rate) hasnt been announced yet as far as im aware
http://www.theloughborough.info/savingsrates.php0 -
Yes, I got an handwritten cheque for just over £100 from them today. The interest I had received when I closed the account was slightly higher than what I had calculated, so it was completely unexpected.
Here are the interest rate changes from my own records:13/03/2007 8.00% 01/08/2007 8.25% 01/01/2008 8.00% 01/03/2008 7.75% 01/05/2008 7.50% 01/11/2008 7.00% 01/12/2008 5.50% 01/01/2009 4.50% 01/02/2009 4.00%
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Well, if it's not just me then it must be correct!
I'll try and work out the figures tomorrow just out of curiosity.
I got slightly more than I was expecting in the closure cheque as well.Do Money Saving sites make you buy more bargains - and spend more money?0 -
SalsaDanca wrote: »Here are the interest rate changes from my own records:
01/02/2009 4.00%
Rate fell from 4.50% to 4.25% on 1 March 2009 as highlighted in earlier post so the above record is incorrect.
http://www.theloughborough.info/savingsrates.php0 -
I got a another cheque as well - its definitely wrong, we would be earning close to 10% over the year for it to be right0
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Has anyone saved a copy of the T&C's for the account - paperwork they sent me didn't include it and I didn't save the web info?
TaDo Money Saving sites make you buy more bargains - and spend more money?0 -
Just how much did everyone get, as it seems LBS have a very strange way of doing their calculations judging by my passbook which arrived back from them a few days ago.
It's littered with duplicate monthly credits followed by withdrawls of those same credits which I didn't make and then at closure it has 7 lines of confusing transactions adding and then subtracting interest. Obviously some of that is tax, but the rest ?
I never saw the cheques as they banked them for me and I must say how efficient and quick they were.
Total Net Interest £480 (opened 19th March £250, followed by 24x250 arriving at LBS between 1st-4th each month) which seems about right to me.0 -
I queried my interest which was about £130 short. They corrected and paid an extra £135 odd. Looks like a Monthly Saver is beyond their system capabilities.0
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