Where is everyone moving their Lloyds Vantage money to?

Baldur

savetilibleed wrote: »

It's 3.95% until 30 April 2012.

Make that 2013......

Fixed rate of interest for duration of the bond - 30 April 201

Wammer

We were both offered the Incentive Saver in the letters we got, but I binned them. Have already taken out a Santander Flexible ISA with some of the surplus and the rest will go into the Halifax Web Saver Reward at 3% inc Reward bonus.

adindas

This is I think a good move, as you could put it all in one account and no need to transfer £1000 per month.

But I also think a good idea to keep it at least £1.00 in all vantage a/cs (three in my case) to keep it open for the following reasons:
- Just in case there is a chance in the future interest rate higher than 3% than you could still transfer it back to here.
- Santander eSaver i3 include 2.5% bonus payable for 1 year so after 1 year it iwlll drop to 0.5%. If this happen you could put your money back to vantages.
- You could use the vantage a/c as a sacrafice a/c in case there is an incentive payment for opening a new bank a/c in other banks. You coould do this be start put 1dd and 1So and cash £100.00 incentive.

Any though on this, your opinionm please...as I might be missing something here that I have not consider. I am aware that LTSB offer much better customer services than Santander, but my personal expereince Santander CS is not too bad as long as you play by the rule.

ADINDAS

deutsch wrote: »

Will be transfering probably all into Santander eSaver (issue 3) which is 3% instant access. Who will want the hassle of only £5000 in the 3% vantage and also having to transfer the minimum £1000 still. Obviously with the eSaver it's only temporarily for a year and then onto another search again.

adindas

Why do not just keep it £1.00 on each a/c (or even 1p).

"If you do not meet both the Vantage conditions we will pay interest on the amount in your account at the standard rate for your product that month. The standard rate for your product will also apply to any amount over the Vantage upper limit."

If you do not pay £1000 a month the interest s close to none but who care if the money is just 1p?. What do you think ?

ADINDAS

newcastleneil wrote: »

http://www.ybs.co.uk/savings/bonds/index.html

I will be closing my 3 vantage accounts with £21K in plus whatever intrest it has made when the 4% drop occurs and sticking the lot in this yorkshire bond .So stick that in your pipe and smoke it LloydsTSB
Ha Ha Ha

jaybee

I 'phoned Lloyds TSB yesterday to open the new Incentive Saver account. It all went very smoothly and this evening the new account has appeared in my online banking. Full marks!

exel1966

10_66 wrote: »

I've had 7 Vantage accounts getting on for a couple of years and I haven't been offered the Exclusive Incentive Saver either.

Ditto, plus 2 classic accounts, one regular saver, Duo credit cards !

I shall be chatting to an account manager in a few days time making it crystal clear that I would 'like' the opportunity of an incentive saver or I may just remove £55K from their coffers..............A bluff of course !

kar999

You sure you've not been into the branch already?

Posted this earlier in the other thread... (apologies for the double post)

Mrs Kar witnessed quite a scene in our local branch. One very irate customer was threatening to take all his money elsewhere because of the changes to his vantage accounts. The manager attempted to calm him down and took him into his office with offers of something to appease him.... Incentive saver account perhaps.

Mrs Kar is always given the sales pitch by the cashiers so I wonder if I'll get the same treatment when I inform the manager our surplus £12k will be leaving Lloyds at the end of June.

Needless to say we haven't had an invite to the Incentive saver club... or the Royal Wedding!

adindas

Could you please let us know where could I get info about this account ?
Thank you
ADINDAS

zzzLazyDaisy wrote: »

I've had three, fully funded for over two years, and I haven't been offered the savings account either.

It doesn't matter to me as I am moving mine to my old YBS account which is still paying 3.75%, but if you phone customer service and say that your 'friend' has been offered this deal, they may put you through to someone who can sort it? Just a thought.

adindas

Yes that is true
Santander eSaver i3 offer 3% and it is very flexible. Interest is accounted each day.

sharpharp wrote: »

Whats the crack with all the whingers not getting the Incentive account? There are a plenty of other accounts paying 3% with easy access.... If you didn't get it, jog on and look elsewhere..

adindas

How about the previous post which highlight the possibility:
"no interest is paid on the full balance for the month in which a withdrawal is made" ?

Also is interest paid on daily basis ?

Thank you for the info
ADINDAS

Baldur wrote: »

I've just opened the Incentive Saver via the freephone number with £1, have been assured verbally that access is instant and completely penalty free (will confirm this with Ts & Cs when received by post).

The minimum/maximum permitted balances for the account are £1/£50,000.

It reverts to an Easy Saver Account after the 12 months fixed rate period (currently offering 1.6%).