Got a Lloyds TSB account? Get money for nothing

betheebee

Toni_Tax wrote:

Lloyds is launching 'save the change'.. use your debit card & they will round the purchase up to the nearest pound and put the difference in your savings account. For Feb and March they will match your savings up to £50... here is the link to save me going into all the details

http://www.lloydstsb.com/savethechange.asp?link=container3

Toni

Yeah but it is £50 PER month, so it works out that you could get £100
Happy £**.01p shopping

betheebee

Ragtimeplayer wrote:

Hi, reading further into it, they don't match your money at all, they take it out of your bank account and put it into a new savings account, you are still using your own money, they just move the small change for you!

I think you should read it again. They DO match the money you save, it is clearly stated

Toni_Tax

betheebee wrote:

Yeah but it is £50 PER month, so it works out that you could get £100
Happy £**.01p shopping

Hi betheebee

I didn't notice it was per month, even better!

alchemista

Perfect, I've had a very similar promotion before in the USA.

In the US, we would just fill up 0.01 at a petrol station. It sounds like here you have to do a minimum £5 spend though on petrol? I'll probably do the petrol along with PayPal deposits of £0.01 to do this. Great way to get an easy £100!

gunton10

well i signed up but in the t&c it states

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 how do we lose £2 on every £10 we invest is it only matched 80%

alchemista

gunton10 wrote:

well i signed up but in the t&c it states

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 how do we lose £2 on every £10 we invest is it only matched 80%

this country likes to tax everything, it's not surprising.... coming soon, a tax on the number of characters you enter on the MSE forum! :eek:

littlejaffa

Basically every time you use your card, they take the pennies of the shop (ie if you spend £5.78 the take the 78p) they put it into a savings account, then at the end they add up all your pennies, match it and give you it back.

like a previous post said your really looking at 100 trasactions a month to make £50 our of them (unless you managed to deliberatly purchase at 99p and even that would be 50+ transactions in a month)

You'll make a few ££'s at most

gunton10

littlejaffa wrote:

Basically every time you use your card, they take the pennies of the shop (ie if you spend £5.78 the take the 78p) they put it into a savings account, then at the end they add up all your pennies, match it and give you it back.

like a previous post said your really looking at 100 trasactions a month to make £50 our of them (unless you managed to deliberatly purchase at 99p and even that would be 50+ transactions in a month)

You'll make a few ££'s at most

they dont take the 78p they take the difference between that and a pound so the money in ya savers account from this transaction would be 22p rounded up as they state.

zooropa

It seems quite simple really - transaction rounded to nearest pound - the extra payment is paid into YOUR savings account and matched for two months. The tax is only payable on the interst and likely to be very low (due to the very low savings rates) The petrol idea looks good, paypal looks easy, or find something for 2 pence that rounds a 3.99 purchase up to 4.01 - tesco pick and mix??

thepearce

gunton10 wrote:

one question if this is true cant we just transfer 1p t oa paypal address every day?

Well that occurred to me about 2 seconds after reading it

Thanks Toni Tax - this has been posted to HUKD (with credit) which is where I saw it. I'm sure this would be a very popular offer for savers....and those who don;t normally save