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Lloyds TSB Monthly Saver
Cypher
Posts: 440 Forumite
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
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:
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
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:
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Comments
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sorry just noticed I've posted this in Budgeting & Current Accounts,
could someone move it to Savings please.
I definitely have to pay more attention with this online stuff
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