Lloyds Classic Vantage stopping 4%

Consumerist

I doubt if you'll get 4% gross on offer, with instant access, anywhere at the moment. The best generally available is around 3%.

If you think (RPI) inflation this time next year is going to be 2.95% or more then you might want to consider the NS&I index-linked certificates which would then pay 2.95% + 0.25% = 3.20% tax free which is equivalent to 4% gross [Edit: for basic-rate taxpayers].

adindas

COOLTRIKERCHICK wrote: »

I have just looked on their website, and i can not find an easy access account with 4 - % interest....

http://www.lloydstsb.com/current_accounts/vantage.asp

Here it is but the interest will drop to 3% after June 27 (or something)

COOLTRIKERCHICK wrote: »

dont think the interest is per month;) if it was i think i would be a VERY happy and rich bunny

No it is currently 4% pa. I believe you are joking ..

COOLTRIKERCHICK wrote: »

can you put a link to this account please

http://www.lloydstsb.com/current_accounts/vantage.asp

COOLTRIKERCHICK wrote: »

I purely use the Hlaifax rward account for the £5 per month... I have 1k doing the rounds each month between my Halifax, RBS and lloyds vantage accounts...

plus if i put my £5 rewards into the Halifax regular savers account ( £120 per year) i will get £3.84 interest on the money they have given me....lol....

Well, that is why we are all here to learn from each other experience.

adindas

Consumerist wrote: »

I doubt if you'll get 4% gross on offer, with instant access, anywhere at the moment. The best generally available is around 3%.
.

Lloyds TSb Vantage account do, but it will end on June 27 (or something).
http://www.lloydstsb.com/current_accounts/vantage.asp

In the past people are using it as a saving account therefore some people have more than one Vantage a/c

anamenottaken

COOLTRIKERCHICK wrote: »

I have just looked on their website, and i can not find an easy access account with 4 - % interest....

d....

The quote from Adindas was, I believe, explaining that the 2.8 + 0.2% (= 3%) would equal what the Vantage account will be paying after 27 June, not that Halifax currently have instant acccess accounts which pay 4%.

adindas

(2.8+0.2%) is for the a saving account, web saver reward a/c. It is an instant saving a/c and the interest is accounted on daily basis.
People will only get 0.2% if they have Reward Current a/c.

Halifax Reward Current account does not pay interest but instead they give a reward of £5 each month if people pay £1000 to the account each month.

anamenottaken wrote: »

The quote from Adindas was, I believe, explaining that the 2.8 + 0.2% (= 3%) would equal what the Vantage account will be paying after 27 June, not that Halifax currently have instant acccess accounts which pay 4%.

Consumerist

adindas wrote: »

People will only get 0.2% if they have Reward Current a/c.

Just to clarify, that's an extra 0.2% if they have a Reward Current a/c and meet the qualifying conditions.

adindas

YES, Correct
Here is info about Websaver reward a/c.

http://www.halifax.co.uk/savings/accounts/easy-access/web-saver-reward/

Also the discussion forum about this

https://forums.moneysavingexpert.com/discussion/3146606

To summarise:

In Normal circumstances: (without meeting the reward condition)
only 2.8 % (instant access)

But people will get additional 0.2% to make it 3.0% if they meet the reward condition e.g.
- Have Halifax Reward current a/c and
- Have paid £1000 each month to the Halifax Reward current a/c.
Most people would have done this because this Halifax Reward current a/c will also give people a fiver each month.

ADINDAS

Consumerist wrote: »

Just to clarify, that's an extra 0.2% if they have a Reward Current a/c and meet the qualifying conditions.

COOLTRIKERCHICK

adindas wrote: »

I myself do not bother anymore, I have moved half of my money in my three vantage A/C to NS&I. The rest of it I am using it to drip feed my Regular Saver which earn 4-5% interest a month.

ADINDAS

this is the account i was talking about ....your regular savers account which earns you 4 - 5 % interest

could you please give me a link to this account please

thanks

Baldur

COOLTRIKERCHICK wrote: »

this is the account i was talking about ....your regular savers account which earns you 4 - 5 % interest

could you please give me a link to this account please

There are several, some of which also require a current account with the relevant institution - LTSB (5% for accounts opened last October/November); First Direct Regular Saver @ 8%; Norwich & Peterborough Gold Savings @ 5%; Principality Regular Saver @ 4%; Santander Super Monthly Saver @ 6%, etc.

xyz123

10_66 wrote: »

I've today received a letter from LTSB Customer Relations in response to my enquiry about the Incentive Saver criteria. I've been informed that "as I'd requested that they don't send any marketing information to me, they were unable to offer new products". This theory was put forward by someone on one of the LTSB Vantage threads (sorry, can't remember who it was). Makes sense, I suppose. They also suggest that I visit my local branch to change this for any future offers.

The up side of this is that I've received £75 as an apology (£50 for inconvenience and £25 to cover 'phone expenses). I honestly didn't ask for any compensation and didn't even consider that they'd pay it, so I'm feeling a bit guilty about having been given it (I did say a bit!).

Can i ask, how did you contact Custom Relations? i looked on their website and i couldnt see an option to "email" them. did u call?