Interest on LLoyds Vantage

emma396

me neither!! only just checked

10_66

yorkiebar wrote: »

Still no interest here

emma396 wrote: »

me neither!! only just checked

Interest won't appear until the 2nd working day of the month.

Nine_Lives

Sorry to thread hi-jack, but hoping someone could help with this:


You get the top level interest for a balance of 5k - 7k

So let's assume you have in 7k

You get paid interest, you're then over 7k

What does the interest then earn? Is it the standard level? Is it included in your 7k balance or do they see it as being separate?

anamenottaken

The T&C include that amounts above £7K earn 0.1% pa. (You still get the high rate on the £7K, it's just the excess which earns 0.1%.)

simax

10_66 wrote: »

Interest won't appear until the 2nd working day of the month.

My interest has been paid tonight, with todays datestamp, which proves my point. 1st working day after 2nd of the month.

capehorn

Does the interest count as new money? If I get £18 interest a month, do I only need to deposit £982 to qualify for the 7% next month?

Nine_Lives

I've just checked out my mum's statement as she's a non tax payer.

If you are paid gross interest, then it'll show as this...

04May10
INTEREST (NET)
z.zz xxx

04May10
INTEREST (GROSS)
z.zz xxx

where z= inerest paid and x= your balance

partlydave

K_P83 wrote: »

Sorry to thread hi-jack, but hoping someone could help with this:


You get the top level interest for a balance of 5k - 7k

So let's assume you have in 7k

You get paid interest, you're then over 7k

What does the interest then earn? Is it the standard level? Is it included in your 7k balance or do they see it as being separate?

You'll get the 4% on the £7k, and 0.1% on the rest. The day I get my interest I move it to another account

I received £19.20 net interest on £7k on one account and £19.21 on the other for April

anamenottaken

capehorn wrote: »

Does the interest count as new money? If I get £18 interest a month, do I only need to deposit £982 to qualify for the 7% next month?

There was a report earlier from someone confirming this was happening with his/her account. Sorry don't have time to find the post now.

anamenottaken

simax wrote: »

My interest has been paid tonight, with todays datestamp, which proves my point. 1st working day after 2nd of the month.

It does not prove that point at all if you are saying that is what happens every month.