Where is everyone moving their Lloyds Vantage money to?

savetilibleed

I'm still deciding on the best home for the £6000 following the upcoming LTSB Vantage changes. I am thinking Santander Flexible ISA, Halifax ISA Direct Reward, or ING Direct ISA.

I had a bad experience with Abbey in 2008 when they messed up the info for ISA transfer thereby much delaying it, so I am a little wary of Santander, despite the best interest for their ISA (and the tracking of the base rate).

I had a Reward ISA until last year and transfers were quick in both directions. I also now have a Reward current account for the £5/month keeping only £1 in it other than when doing the necessary £1000 in/out. To get the extra 0.2% for the ISA it is not clear whether I need complete the Rewards form and post it. Will they in any case look at the account activity and decide it is not my main current account (it isn't).

ING - upside of that is interest is paid monthly, though only 2.96% gross.

ING or Halifax will open quickly and efficiently whereas Santander are not so quick or efficient as I found opening the eSaver 3 even though I already had older online accounts there. But it's transfer outs next year that concern me.

deutsch

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.

ffacoffipawb

Andystriker wrote: »

I received this offer in the letter I got today. I have 3 vantage accounts all with £7000 in, but I also have a Regular Saver Account paying 5% which I took out last year.

Maybe thats why they offered it to me????????????

In same position as you, but on top of 3 Vantages and 1 5% Regular saver I have a 2 year fixed rate ISA paying 2.9% until Nov 2012 (they have a better rate now) with all my Cash ISAs and TESSA capital in it.

They didn't offer me anything!

anamenottaken

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.

Well, me, for one.

£15,000 in 3 accounts and no temptation to risk the pain of being with Santander.

Baldur

deutsch wrote: »

Who will want the hassle of only £5000 in the 3% vantage and also having to transfer the minimum £1000 still.

What hassle? My 3 will continue to send each other 1k, on the same day each month, by SO, as they have done since I opened them. Only the balance will have changed.

Obviously with the eSaver it's only temporarily for a year and then onto another search again.

Sounds like more hassle than Vantage.

Cash-Cow_3

BTW How have some people on here managed to get three vantage accounts. I was told I could have this but when I tried to do it I was told I couldn't.

Jonbvn

socrates wrote: »

As a matter of interest which S&S ISA?

Into Hargreaves & Lansdown. The real question is what we will purchase inside the ISA - not sure yet.

Jonbvn

Cash-Cow wrote: »

BTW How have some people on here managed to get three vantage accounts. I was told I could have this but when I tried to do it I was told I couldn't.

Who told you you could not open three? There are some reported instances of this happening when in branch. Best thing is to print off a copy of their T&C's and take them into the branch with you.

Alternatively, try opening the accounts via telephone.

Andystriker

Jonbvn wrote: »

Best thing is to print off a copy of their T&C's and take them into the branch with you.

This is exactly what I did when I opened my other 2. I went into the branch with their T&C in my pocket. I was told sorry you can only have one account and I then showed them their T&C.

They asked me why I wanted 3 accounts and I said to help with budgeting and then they opened the other 2.

Baldur

Cash-Cow wrote: »

BTW How have some people on here managed to get three vantage accounts. I was told I could have this but when I tried to do it I was told I couldn't.

I opened my first online, then two more in branch, as Jonbvn says, see here - http://www.lloydstsb.com/current_accounts/vantage_ts_and_cs.asp:

Vantage gives you the benefit of tiered credit interest on your current account if you comply with the Vantage conditions. You can have a maximum of 3 accounts with Vantage.