Lloyds TSB Vantage - Multiple accounts

xrjtg

Warning: wild speculation follows.

The point of the Vantage account is to attract people who keep (or can keep) large amounts of cash in their current account, with the expectation that they will then go on to take other products from Lloyds. It's not to attract depositor's funds, which could be done much more cheaply and effectively by offering a clean instant access account at 3% with no deposit limits.

We're tolerated, not the desired catch. It's in our interests that the account is "difficult" to operate, as if it became wildly popular it would cease to exist.

dov

hethmar wrote: »

Still not been able to get more than 3 accounts - 1 joint plus two in my name. OH's application has not been sorted. I think they must be tightening up.

Keep trying online - I've now got 5 and have applied for my 6th. Another member of my family has now got 5 but others are still stuck with 3. The only difference I think is the length of time we've had an account with them.

adindas

Dear dov

Have more than 3 vantage a/c under similar name (same person) is againtst their T&C, it is clearly stated in T&C. But it is not clear yet what they are going to do if they find people have more than 3 a/c.

ADINDAS

dov wrote: »

Keep trying online - I've now got 5 and have applied for my 6th. Another member of my family has now got 5 but others are still stuck with 3. The only difference I think is the length of time we've had an account with them.

hethmar

dov wrote: »

Keep trying online - I've now got 5 and have applied for my 6th. Another member of my family has now got 5 but others are still stuck with 3. The only difference I think is the length of time we've had an account with them.

Ive had an account with Lloyds since I was at college! More decades ago than I care to remember. So it obviously isnt based on customer loyalty

KingL

After the interest is paid (so you are officially into the next month), which depends whether it's a full moon or not. Go for the middle of the month to be safe.

carpy

KingL wrote: »

After the interest is paid (so you are officially into the next month), which depends whether it's a full moon or not. Go for the middle of the month to be safe.

so if you pay the £1k in before the interest is added, even though it's the 1st and a new month, it might not (or will not?) count as funding for that new month???

Baldur

carpy wrote: »

so if you pay the £1k in before the interest is added, even though it's the 1st and a new month, it might not (or will not?) count as funding for that new month???

See http://www.lloydstsb.com/current_accounts/vantage_ts_and_cs.asp

For each month that you meet the Vantage conditions we will work out interest on a daily basis at the relevant Vantage interest rate from the second working day of that month and add it to your account at the end of the first working day of the next month.

Jimmy-p_3

I opened up another Classic account online last week, got accepted so upgraded to vantage at the second attempt online today, I now have 4 plus a joint :beer:

trevor8

dov wrote: »

Keep trying online - I've now got 5 and have applied for my 6th. Another member of my family has now got 5 but others are still stuck with 3. The only difference I think is the length of time we've had an account with them.

a quick question when you apply online do you sign in first or do you do a fresh application?.Thanks

Jimmy-p_3

sign in, same when you upgrade account to Vantage