Lloyds TSB instant access monthly saver 8%

Prudent

Thank you. I will phone this morning.

Vlad24

This is now online and can confirm that the max initial deposit is £500 and not £750.

payless

They have some info online,

http://www.lloydstsb.com/savings/monthly_saver.asp

more terms
http://www.lloydstsb.com/legal/savings_legal/monthly_saver_inportant_information.asp

but can't open online

Used telephone banking ( my main banking already with them) also said £500 max opening but I setup a standing order from 1st June , so actually paying in £750 within first month.

mary

Just returned from the branch. The staff hadn't opened the paperwork, not allowed until tomorrow, but anyway the manager went and got it. (Incidentally they are not allowed to put up the posters in the windows until June 15th, when some other loan promotion ends!). Yes agreed, the opening initial deposit of £500 + £250 STO in first month. However, decided to go iagain on 30th of this month and open it then, so that the payments go out on 1st June (using an internal transfer from Lloyds Online) so that I don't get into the possible complications of opening at the end of one month and having £750 potentially having about 3p interest for a handful of days. Internal transfers take 3 days for a Standing Order to be set up I was told.

Milarky

mary wrote:

Yes agreed, the opening initial deposit of £500 + £250 STO in first month. However, decided to go in again on 30th of this month and open it then, so that the payments go out on 1st June.

mary, you're sharp as a sixpence!

chesky369

It's annoying - and unusual - that it can't be opened on line.

payless

With a ( loss leading) product like that , suppose they want the opportunity to cross sell other products

grade15

a big hello this morning everyone.!!
not sure if this helps anyone..but I've got a HSBC 1 yr fix saver..and its almost ending and I went into HSBC branch and asked the assistant and said, "can i open another 1 yr fixed saver after my current one finishes" and I was told that I could.

jackieblue

grade15 wrote:

a big hello this morning everyone.!!
not sure if this helps anyone..but I've got a HSBC 1 yr fix saver..and its almost ending and I went into HSBC branch and asked the assistant and said, "can i open another 1 yr fixed saver after my current one finishes" and I was told that I could.

What rate is that paying and is there also a maximum monthly amount ? Many thanks

payless

see http://www.hsbc.co.uk/1/2/personal/savings-investments/savings/regular-saver