Lloyds TSB Save The Change

trets77

i think this is a great chance to get £100 out of Lloyds TSB.

i am already a Platnium debit card holder and use my card for just about everything. i can easily add a few penny sweets at the supermarket, put £10.01 of petrol in the car,ect.

hell i will split my shopping up into a several transactions for FREE money !!

when i,m done savings will go into my high intrest savings account.


sign me up !!!!!! :beer: :beer:

even_steven

Looks interesting. Something to watch out for (from the T&C's):

4.Tax will be payable on your matched payment on the same basis as the interest on your nominated savings account. For example, if you currently receive interest net (after the deduction of income tax) on your nominated savings account and the amount to be matched is £10 you will receive £8 in matched funds.

So, unless you're a registered non-taxpayer you won't get the full £100 bonus. But still, free money.

mary

so, do you have a copy of the full Ts & Cs for us to see?

even_steven

Looks as though you need to deposit a minimum £250 to open the Online Saver. Which you can withdraw again straight away, obviously, but a better option if you're short of cash might be to open a Guaranteed Tracker account, with a minimum deposit of £1. This isn't on the list of accounts which don't qualify, but to be on the safe side, could one of the Lloyds employees here kindly confirm that this account would be eligible for the scheme?

[edit] @ mary - check the link given earlier by Money_Man_Steve, or for a direct link go to http://www.lloydstsb.com/stand_alone/savethechange_terms.asp

Ali-OK

Can anyone confirm if I can nominate my DS's Young Savers Account to put the "change" into. It's at 4.75% and he'll get the match money tax free (he's only 6!).

There's nothing to say I can or can't do this on their website.

If I can, then its a goer from me.

iceicebaby

I like this!

I have a current account and a savings account with Lloyds. I will be using this to my advantage.

ronnie_2

Ali-OK wrote:

Can anyone confirm if I can nominate my DS's Young Savers Account to put the "change" into. It's at 4.75% and he'll get the match money tax free (he's only 6!).

There's nothing to say I can or can't do this on their website.

If I can, then its a goer from me.

you are correct there is no mention of this particular product on the site, the chances are when you set it up for the "change" to goto this account the bank are depending upon someone to check indicators of the account this is something thats missed out quite often. (sssh dont tell anyone):rotfl:

ideal way of avoiding tax id say.

Stonk

It raises the interesting possibility of asking a shop to charge you a bit more than the till says, just to push you over into the next pound!

Then again, it's probably not much different from what I did at Tesco today: I ran back and picked up a couple of bottles of wine to push the bill over £70 so I could use a £7 off voucher. The wine effectively came free. In fact, with the 25% off, they probably paid me to take it away. Now, that I like.

Xbigman

My current thoughts on this are on the DFW board but I'd say the easy way was to put £3.01 worth of petrol in the car on the way to work each day as a starter. Minimum delivery at petrol stations should be 3 litres but some might be 5, that said I don't think petrol station staff care.
Regards



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Xbigman

ronnie wrote:

you are correct there is no mention of this particular product on the site, the chances are when you set it up for the "change" to goto this account the bank are depending upon someone to check indicators of the account this is something thats missed out quite often. (sssh dont tell anyone):rotfl:

ideal way of avoiding tax id say.

Supposedly the only thing that you can't pay into are ISA accounts and CTF's, as their are tax implications.
Regards


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