MSE News: Lloyds to sell branches to Co-op: what it means for you

black_taxi_2

going to HSBC where my mortgage is--basic account --no monthly fee

opinions4u

black_taxi wrote: »

Wow--just heard the news Sunday--money box bbc

Capital of Scotland--Edinburgh---all of lloyds are changing to co-op

The current account rates are rank

I'm jumping ship to hbos--this week

Your Lloyds TSB current account product isn't changing the the Coop current account product.

Coop are also moving onto Lloyds TSB systems.

black_taxi_2

Rates will change to co-op

That's all I need to know

Disaster

rb10

black_taxi wrote: »

Rates will change to co-op

That's all I need to know

Disaster

No, as Opinions4U said, your rates and account will stay exactly as they are.

black_taxi_2

Just switched to bank of Scotland over the phone 15 mins

Classic vantage account 3% interest 3/5k
No monthly charge

happy days

No co-op worries

Co-op know many scottish customers hav no choice an that means low rates

your gullible if you believe them

bendipa

black_taxi wrote: »

Just switched to bank of Scotland over the phone 15 mins

Classic vantage account 3% interest 3/5k
No monthly charge

happy days

Between £3000 and £5000 deposits earns 3% AER or 2.37% net, so the maximum a basic taxpayer would earn at that level of deposit is £47.40 pa Over £5000 earns 0%. Hardly worth the trouble really..

black_taxi_2

5k@2.37%=£118.50/12=£9.87 a month

Not using it as savings account---keep it as 5k emergency fund

better than £10 monthly bank fee or 0/.25%

jackjones01

black_taxi wrote: »

Wow--just heard the news Sunday--money box bbc

Capital of Scotland--Edinburgh---all of lloyds are changing to co-op

The current account rates are rank

I'm jumping ship to hbos--this week

I thought the brand would be TSB but will be owned by the Co Op?!

dilq99

jamesd wrote: »

No time like the present to start moving current accounts to your preferred bank. I generally dislike the concept that I'm someone to be bought and sold.

I wanted to stay with Lloyds, and registered my interest in April in staying with Lloyds. Since then they keep telling me that an options pack will arrive in a few days.

I found out today while talking to their call centre that even if I do wish to stay, there is no guarantee that I can stay with Lloyds, it is in effect a lottery. I now firmly believe that they are stringing their customers along for as long as possible to allow them to transfer the accounts to the new institution so they can parade us in front of the TSB.

"WAKE UP" I say - "THEY ARE USING US!"

Ditch Lloyds TSB before they Ditch you - you are just a convenient number to them, they could not care less...

It was the first bank account I opened as a student 31 years ago and my sense of betrayal is sickening. I have now moved banks.

Thank you EU for making me realise that I do indeed have a choice.