Lloyds Classic Vantage stopping 4%

de1amo

so what is the optimum amount to have in each account to get maximum return from now on?-i wont be seeing my mail for months now!

Svenena

It's not changing for a couple of months, so you can leave things as they are until then.

de1amo

Frogletina wrote: »

I've got one regular saver paying 4% which I'd reduced to the minimum £25 (no longer available) will be upping that to the max £1000 from next payment, then putting maximum into an ISA when I decide which one.

is that the lloyds regular saver--i thought the max you could save was 250pm--if its not, can you adjust it online to increase the payment amount?

kar999

simax wrote: »

Maybe they've wised up to people using them as savings accounts rather than a current account (which is what it is). Maybe they should have left the rates the same but limited people to 1 Vantage account.

Once again the small minority spoil it for the rest.

I dont think it was a small minority. They openly offered 3 vantage accounts in their T&C's so can hardly expect most people to use them as pure current accounts.

As far as the banks are concerned any which way to milk them and make it public knowledge through sites like this has to be good. Afterall Lloyds never asked me for my permission to use my taxpayers money to bail them out.

I suspect there will be a lot of transfers of £42k (3 a/cs each for me and Mrs Kar) out of Lloyds coffers come 27 June and rightly so.

Now where is the next cash cow?

choc_mouse

£15k at 3% still isn't that bad considering what's out there. You'll use next week's ISA allowance immediately with the extra £6k!

kar999

I've a'lready took a punt at the whole £10.2k into Stocks and Shares ISA this year as the best cash rates were mainly for 5 years

chris91_2

ltsb monthly saver is 250 max and is 2% at moment.

thumshie

new rates, confirmation of 27th june now on the web site

http://www.lloydstsb.com/rates_and_charges/current_account_rates_curr_page.asp

Please note, from the 27/06/11 the following rates will apply.

Current Accounts with Vantage

Balance
Interest paid monthly

AER % Gross % Net %
£1+
1.50 1.49 1.19
£1,000+
2.00 1.98 1.59
£3,000 - £5,000
3.00 2.96 2.37

Frogletina

de1amo wrote: »

is that the lloyds regular saver--i thought the max you could save was 250pm--if its not, can you adjust it online to increase the payment amount?

No, it's with the Scottish building society - no longer available

Ryan101

thumshie wrote: »

new rates, confirmation of 27th june now on the web site

http://www.lloydstsb.com/rates_and_charges/current_account_rates_curr_page.asp

This might sound stupid, but I have 7k in my vantage account, so with the new rates will I get 3% on my 7k, or will I only get 3% up to 5k and take the 2k out and put it elsewhere as I would get no interest on the 2k if I left it in vantage ?.