Noooo - Lloyds Vantage 0.1%

clingwood

Having just opened 3 accounts, I've had a letter through the post today saying Lloyds are changing the interest rate to 0.1% AER/Gross.
I am gutted
Where next?

Mols

The rate is 0.1% upto £1000.00 then 2% upto £3000.00 then 4% for £5000.00 - £7000.00, then 0.1% above £7000.00

They have recently notified that no interest will be paid any balances above the maximum £7000.00 from the end of the year whereas it is currently 0.1%. i.e. 4% on £7000.00 and 0% on any excess balance above £7000.00

Is this the letter you have received as I got mine a couple of weeks ago?

I have three of these all still at 4%.

Biggles

Yes there's only one change to Vantage interest rates, as Mol says, and that is from 0.1% to 0% for any balance in excess of £7k.

exel1966

clingwood wrote: »

Having just opened 3 accounts, I've had a letter through the post today saying Lloyds are changing the interest rate to 0.1% AER/Gross.
I am gutted
Where next?

I'd try reading the letter again, then understanding it

Funkyfreddy

clingwood wrote: »

Having just opened 3 accounts, I've had a letter through the post today saying Lloyds are changing the interest rate to 0.1% AER/Gross.
I am gutted
Where next?

Back to the top of the letter to read it again

FF

clingwood

Thanks for the replies.......I read the letter a bit quick, then panic set in doh :embarasse
Anyway good news yeah.