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Lloyds TSB Monthly Saver

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Probably goes without saying but I'll post it anyway.

I have set up a Lloyds TSB Monthly saver for my son and paid in the full £500 + £250 initial payment. The remainder of his money is sat in a TSB Online Saver whilst its being drip fed into the Monthly Saver.

Last night I decided to move this month's £250 into the current account ready for the standing order to move it into the Monthly saver. I've never done this before with the TSB so I wasn't sure if it was instant or not so I was playing safe for my 1st Nov S/O payment.

Anyway I used the money transfer shortcuts on the online banking and like a complete prat I selected the wrong account and moved £250 out of the monthly saver and into the current account :o and as its the monthly saver and only one payment allowed per month I can't now put it back. :mad:

I will have paid in all of his surplus by Feb07 so I can rectify it then, but its just over 3months lost interest on £250, its not a huge deal, probably only about a £5 mistake but annoying all the same.

The monthly saver has now been renamed in online backing to "NO WITHDRAWALS" just incase I try to do it again.

The ISA option would have been so much easier :rolleyes:

Comments

  • Cypher
    Cypher Posts: 440 Forumite
    sorry just noticed I've posted this in Budgeting & Current Accounts, :o

    could someone move it to Savings please.

    I definitely have to pay more attention with this online stuff :p
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