Lloyds TSB Vantage - Moving money internally between the accounts?

sharpharp

Hi there,

Say if you have £1000 in a Lloyds TSB easy Saver account, and then move that to a Vantage account 1 and then from Vantage account 1 to Vantage account 2, does that meet the minimum requirements to earn interest for that month on the Vantage accounts?

Or does the monthly min 1k have to come externally from another bank other than Lloyds?

Thanks

exel1966

Yes it does !

sharpharp

exel1966 wrote: »

Yes it does !

Yes its ok to go via the internal route or it has to be done using external funds?

exel1966

The funds can be from an internal account. I've had 7 vantage accounts for 2 years now and circulate the £1K through accounts 1-7 and then back to 1 !

jennifernil

I just swap the £1000 between my Vantage accounts by SO on the same day.

sharpharp

Well this does not appear to have worked, checked vantage accounts and no interest paid today (supposed to be 1st of each month).
I followed the advice to shift the money from each lloyds account to the next and zero interest :-(

bruceyb3

sharpharp wrote: »

Well this does not appear to have worked, checked vantage accounts and no interest paid today (supposed to be 1st of each month).
I followed the advice to shift the money from each lloyds account to the next and zero interest :-(

The interest earned will appear on your statement on the 2nd each month(later if the 2nd is on a w/e I think) and dated as paid on the 1st.