Lloyds TSB 5% Monthly Saver

LittleVoice

Prudent wrote: »

I seem to have just £58 interest credited after a year of paying £250 is this correct?

If your balance before interest is £3,000 then it appears that you must have paid in the first £250 early in October 2010 and all other payments at the end of the month (eg second on 29 November).

BigDonut

out of interest, what are people planning to do now the accounts are maturing?
For me, I will see what the top savings accounts are around then and probably transfer the money in there.

The first direct 8% account looks a good option to continue saving regularly.

exel1966

Matured today after 13 payments with deposits made on the optimum dates to enhance interest.

£73.35 Net

gt94sss2

exel1966 wrote: »

Matured today after 13 payments with deposits made on the optimum dates to enhance interest.

£73.35 Net

Mine has just matured as well - £73.37 here

Regards
Sunil

adindas

Mine as well and now it is siting in Vantage a/c looking for another home ....

gt94sss2 wrote: »

Mine has just matured as well - £73.37 here

Regards
Sunil

ffacoffipawb

gt94sss2 wrote: »

Mine has just matured as well - £73.37 here

Regards
Sunil

Mine has matured today - £65.81 received (net).

Seems about right ...

3,000 x 0.05 x 6.5 / 12 x 0.80 = £65.00

My First Direct 8% has also matured today - £124.93 received (net).

Again, seems about right ...

3,600 x 0.08 x 6.5 / 12 x 0.80 = £124.80.

The Lloyds account changed automatically to EasySaver and I moved the balance to Vantage.

The First Direct account is frozen and I need to wait 3 - 5 working days for the money to be moved and for me to open a new one! Apparently the 8% account is going to remain available for some time yet according to the employee I spoke to.

oldfella

The First Direct account is frozen and I need to wait 3 - 5 working days for the money to be moved and for me to open a new one! Apparently the 8% account is going to remain available for some time yet according to the employee I spoke to.

---

I rang FD a few days ago to clarify the closing procedure - they said you can call to get the money moved immediately

ffacoffipawb

oldfella wrote: »

The First Direct account is frozen and I need to wait 3 - 5 working days for the money to be moved and for me to open a new one! Apparently the 8% account is going to remain available for some time yet according to the employee I spoke to.

---

I rang FD a few days ago to clarify the closing procedure - they said you can call to get the money moved immediately

The call centre couldn't do it so they transferred me to another department who could. The money is now in my 1st current account.

However the nice lady who did the transfer and closure of the regular saver said that it will still take 3 - 5 working days for the account to disappear from my account list and I won't be able to open another new account til it does. Hopefully it will still be available at 8%.

If the rate drops to 5% I probably won't bother.

EDIT:

Just applied online and got a new account at 8% for another year (e-mail confirmation received).

Thank you. Your application is successful and your new account is open.

The £300 initial deposit has also been taken from my 1st account.

They don't train their staff as well as I thought!

The maturity proceeds, less this £300, has been transferred to Lloyds Vantage to earn 3%.

MiserlyMartin

opinions4u wrote: »

You can avoid that fee by opening an easy access online account with them too - a £1 balance and job's a good 'un.

Whats the account called, I can't find it.

Any of these?
"
Everyday e-Saver Account - 0.25% AER 0.25% gross p.a.

Prepared to manage your savings online? Want easy access with no penalty if you have to take some out?
Earn an extra 1% AER/gross bonus interest for 12 months on new balances with our Savings Balance Transfer offer.
find out more


Bonus Savings Account

up to 0.20% AER (0.20% gross p.a.) variable with a conditional bonus in months you don't make a withdrawal or up to 0.15% AER (0.15% gross p.a.) variable in months you make a withdrawal.
The bonus is paid each month where no withdrawals are made.
Receive a monthly bonus in any month you don't make a withdrawal.


find out more


Savings Account - 0.05% AER 0.05% gross p.a.
Manage by phone or online.
Earn an extra 1% AER/gross bonus interest for 12 months on new balances with our Savings Balance Transfer offer.

premierfella

MiserlyMartin wrote: »

Whats the account called, I can't find it.

Any savings account except the Regular Saver or Regular Saver ISA will do.

I would choose the Everyday e-Saver, which is their current main easy access saving account.