Loughborough r/s Plus 1 - historical rates

ctdctd

exel1966 wrote: »

Just how much did everyone get

I got £315 as net interest in the passbook which agrees with my expectations within a pound. Saved the full £250PM, all deposits early in the month except for one which was very late. Took out £5K in December 08 and closed mid March 09.

Additional cheque £107. but :j anyway!

SalsaDanca

exel1966 wrote: »

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)

No such problems here, I opened the account with £250 on 15th March 2007, then made 24 additional deposits of £250 by standing order. My passbook just shows the 25 deposits, plus three interest payments (£139.75 the first year, £314.31 the second year, then another £0.13 for the last few days), and the tax deductions.

SalsaDanca

This morning's post brought another letter from the Loughborough, telling me that the additional cheque was issued in error, and that I should destroy it as it has already been stopped.

Dagobert

The same thing happened to me: yesterday I received a cheque and to-day another letter telling me it had been sent in error and stopped.

Don't some banks charge for presenting stopped cheques?

ctdctd

Same here

Oh well, easy come, easy go!

Hopefully the YTS lad / lass @ the Loughbrough has been given a sound telling off before being sent back to BS school. (That's Building Society school in case anyone thought I meant anything else)

Do you think they know calculators are 99p in Wilkinsons now?:rolleyes:

InMyDreams

I've just checked my records and the exact dates / rates are...

start 8%
1.8.07 8.25%
1.1.08 8%
1.3.08 7.75%
1.5.08 7.5%
1.11.08 7.00%
1.12.08 5.50%
1.1.09 4.5%
1.3.09 4.25%

I also had the mystery handwritten check for an extra £135.68 followed the next day by the letter saying not to cash it. By my records, I agree that it was erroneous.

I've checked my own figures and they match to within a few pence of what I was expecting. First year was £141.93 and second was £315.10.

Account opened with £250 on 21.03.07, followed by 24 payments of £250 at the beginning of each month, give or take a few days.

Dagobert

According to my calculations using InMyDreams' interest figures I was overpaid by £14.70 in 2009.