Lloyds TSB ISA -Interest rate question

MarkFromCornwall

Newly_retired wrote: »

Still no interest showing up in my ISA which I believe matured last Friday! So I still can't move it out. Surely it should be showing up online by now?

Yes. Mine matured on Saturday and the interest showed up this morning (Tuesday), i.e. it was added at the end of the next working day after maturity.

Mark

P.S. the people in their specialist savings department on 0800 0150060 seem friendly and competent.

Ifts

Mine matured Thursday 8th April, interest showed up next morning online (Friday 9th April).
Unable to view account online now though, so hopefully its being transfered over to M&S as I requested.

roddydogs

Newly_retired wrote: »

Still no interest showing up in my ISA which I believe matured last Friday! So I still can't move it out. Surely it should be showing up online by now?

Mine was on website Tues, plus new years addition.

Newly_retired

Still no interest! Have rung up and was told they cannot see a reason but I need to go into branch to get it sorted. This is ridiculous. They should be able to sort it without wasting my time. I was in branch on the day it matured. Why should I have to go in again? I have been given an appointment with their Financial Advisor! The last thing I want or need. Is it possible they have flagged me up as someone to try and sell more "products" to? Well as soon as my interest lands I intend to move out of Lloyds.

Newly_retired

Back from town ( glad of my free bus pass). The Financial Advisor did not try to sell me products, but was useless, and fetched the manager who was very polite friendly and efficient . He showed me on the computer that although my FRISA was opened on 9/4/09 and therefore due to mature on 9/4/10 it had been marked up last year on opening for 14th - WHY??? - so the interest should land today. Good job I hadn't assumed it would be 9th and arranged a transfer out on that date or goodness knows where my interest would have gone. At least I have got 5 extra days at 3.2% rather than dropping to some paltry rate by default so I am not too displeased. For simplicity's sake I have asked him to move it once the interest is in into their variable 2.5% rate instant access which will then enable me to move it to something better. Meanwhile the interest is reasonable if not great.

Newly_retired

Interest has landed tonight!

Geoffo_M

Newly_retired wrote: »

Interest has landed tonight!

That's a relief for you. Are you going to move your ISA now?

Newly_retired

I'm going to wait for the paperwork to come through first to be on the safe side.

Newly_retired

I got a hand written envelope from the branch Manager himself containing the paperwork updating old/new ISAs. I was impressed!
However I have opened a Coventry BS ISA for this year's money@ 3.25% and am still undecided where to transfer the Llloyds ISA @ 2.5%.

Special_T

My parents have had the same problem.

ISA's mature this week and no notification - phoned to speak to someone & they said would only get 1.5% interest, not the 2.50% on Internet as this is for new customers. Also indciated that couldn't open a new one. Looks like another home to be found for this money!