Lloyds 8% Regular Saving ending

medic1978

exel1966 wrote: »

Loughborough now only open to local residents

YBS at 7% (incl of bonus) probably one of the best available as it permits £500pm and has no term attached to it, though it is capped at £20K.

Is Loughbrough still availabe to local residents? I telephoned last week and they said it the account had been withdrawn? (i am a local resident)

Compound_2

medic1978 wrote: »

is it possible to 'transfer' in from another bank via the other banks internet banking?
How does this differ from a standing order as far as LTSB is concerned?

i.e. will they know it was an online transfer (from other bank) rather than standing order from another bank??

Standing Orders have a special code in the banking system thus appearing as 'SO' on the statement. The other type of bank credit would be coded differently. Whether LTSB would make a fuss about this I don't know. To be on the safe side, you could do a one-off standing order. It's easy to cancel standing orders on internet banking, or maybe putting the same start and expiry date would work? The SO may take an extra day as the earliest you can start it is the next working day, whereas 'bill payments' can be sent immediately up to the cut-off.

medic1978

Compound wrote: »

Standing Orders have a special code in the banking system thus appearing as 'SO' on the statement. The other type of bank credit would be coded differently. Whether LTSB would make a fuss about this I don't know. To be on the safe side, you could do a one-off standing order. It's easy to cancel standing orders on internet banking, or maybe putting the same start and expiry date would work? The SO may take an extra day as the earliest you can start it is the next working day, whereas 'bill payments' can be sent immediately up to the cut-off.

I have just checked my statements, standing orders are coded SO when they LEAVE an account. BUT when received at LTSB they are coded as BGC, this is exactly what internet payments are coded as

I asked about internet payments so i can transfer online from an e-saver which does not allow standing orders to be set up....

Compound_2

Well, it shows as SO in the Monthly Saver when coming from a Lloyds TSB current account. It’s possible that when going inter-bank the SO still has its own code, because there’s a higher limit than for ‘bill payment’. But it seems your Monthly Saver isn’t using the code, so you should be OK with the e-saver. Providing it’s your sole payment of the month and for £250 or less, I doubt Lloyds will bother to go through the hassle of returning the money through BACS.

jinkssick

Does anyone know why in the monthly saver that Martin writes on, he has deleted the Leek United entry at 7.5% for the one year?

LittleVoice

I don't know but maybe because (to quote their website):
"Please note: This account can only be opened by either personally calling in to one of our branches or by post if you are currently a member of Leek United."