Lloyds 8% Regular Saving ending

reehsetin

ohh hope they set up my account soon! get it over and done with

lipidicman

longforgotten wrote:

the member of staff told me that Lloyds were losing money on this account....

What's this?

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That's the world's smallest violin, playing just for Lloydstsb.

:rotfl:A bank, losing money! :rotfl:

jenchin66

Can you change the amount paid in each month, eg, £100 one month and £250 another month?

Kazza242

jenchin66 wrote:

Can you change the amount paid in each month, eg, £100 one month and £250 another month?

Yes, you can vary your monthly payments between £25 - £250.

jenchin66

You can't apply online anymore, will have to phone up.

Thanks

apoorstudent

If anyone would answer these questions, I'd really appreciate it...

1) Can the standing order only be from my Lloyds current account, or could it be from... an Icesave savings account?

2) How are Lloyds losing money with this account?

3) Is the interest paid on the closing balance after one year? Or do they work it out based on what goes in an out throughout the year?! I'm no good at calculating this interest malarky!

Thanks in advance xx

jenchin66

1, the SO has to come from a LLoyds current account

3, the interest is calcullated daily.

Don't know about 2!

YorkshireBoy

jenchin66 wrote:

1, the SO has to come from a LLoyds current account

No it doesn't.

You have to *have* a LTSB current account to be able to apply for the regular saver, but the funding of the regular saver does not have to come from the LTSB current account.

BSingh

You are correct Yorkshire Boy! Only the initial deposit has to come straight from the Lloyds current acount.
The can then come from any bank account you want!

YorkshireBoy

BSingh wrote:

Only the initial deposit has to come straight from the Lloyds current acount.

Again, no it doesn't.

I made my initial deposit in 'readies' over the counter.