Lloyds Classic Account

Mine's_a_guinness

Not sure if this has already been posted - apologies if it has.

I've had a classic account with lloyds for donkeys years and it pays a derisory .10% interest, but have kept it as hubby thinks it's good to have been with your bank a long time if you ever want to borrow money(?!). I transfer most of it each month to other a/cs that pay better rates.

Decided to get internet access to the account and it lets you upgrade to a classic plus (think that's what they call it) which pays 4.00%. You have to pay in £1,000+ per month but there are no monthly charges for operating the account, like there are with their other a/cs. Just thought if anyone else had the same a/c with lloyds and didn't currently have internet banking with them, it may be worth looking at.

Mercenary

Mine's_a_guinness wrote:

...hubby thinks it's good to have been with your bank a long time if you ever want to borrow money

Don't hold your breath with that one. It makes no odds whether you've been with them for a long or short time.

It's one of the reasons we closed our Lloyds accounts a few years ago. OH wanted a quick loan to buy a new car, which he'd then repay over a very short period of time. We'd both actually worked for Lloyds and banked with them ( in credit ) for years....and....Nothing! All sorts of hoops and barrels were put in our path to jump through and over.

So we said bye-bye, moved our accounts and OH got the loan he wanted somewhere else and at a better rate too.:cool: