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New Lloyds Vantage current account

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  • mrchagle
    mrchagle Posts: 587
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    I personally opened a new new LLoyds Vantage Account £6,000 has been sitting there for a month and got £10 interest... was expecting more..
    If I've help in anyway, please remember to thank me :-)
  • YorkshireBoy
    YorkshireBoy Posts: 31,541
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    mrchagle wrote: »
    I personally opened a new new LLoyds Vantage Account £6,000 has been sitting there for a month and got £10 interest... was expecting more..
    If that's an after tax figure it equates to 26 days at 3% AER...and a lot less if you're on 4% AER.

    How many days were in October's billing period?

    Or, more accurately, when - if in October - did you deposit the £6K?
  • mrchagle
    mrchagle Posts: 587
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    Hi there. Thanks for the reply. It was a complete full month which had £6000 .. Infact slight over £6k
    If I've help in anyway, please remember to thank me :-)
  • YorkshireBoy
    YorkshireBoy Posts: 31,541
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    edited 4 November 2012 at 8:58AM
    mrchagle wrote: »
    Hi there. Thanks for the reply. It was a complete full month which had £6000 .. Infact slight over £6k
    Assuming 31 days (were there?), you should have had:

    £12.07 @ 3% AER, or

    £16.02 @ 4% AER

    I assume you'll be contacting them?


    Sorry, please ignore this. As per post #1017 below it appears they haven't applied the 4% marker to your account so you've only earned 3% AER on £5K.
  • mrchagle
    mrchagle Posts: 587
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    Assuming 31 days (were there?), you should have had:

    £12.07 @ 3% AER, or

    £16.02 @ 4% AER

    I assume you'll be contacting them?

    I most certainly will! Thanks YB!
    If I've help in anyway, please remember to thank me :-)
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Assuming 31 days (were there?), you should have had:

    £12.07 @ 3% AER, or

    £16.02 @ 4% AER
    Only £10 at 3%, because the ceiling is at £5K.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • YorkshireBoy
    YorkshireBoy Posts: 31,541
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    edited 4 November 2012 at 8:59AM
    pqrdef wrote: »
    Only £10 at 3%, because the ceiling is at £5K.
    Oops! You're quite correct. I've corrected my post above. Thanks. :o
  • uzubairu
    uzubairu Posts: 1,209
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    My 2 accounts are have had approx £5,800 throughout the month and I received £15.76 net in each of them.
  • Steve_xx
    Steve_xx Posts: 7,016
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    uzubairu wrote: »
    My 2 accounts are have had approx £5,800 throughout the month and I received £15.76 net in each of them.
    That looks just about right at 4%.
  • blindman
    blindman Posts: 5,700
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    So with the requirement to deposit £1000 per month into each account.

    My wife and I have 5 accounts between us with £6k in each

    So reading the T&C's and this thread all I have to do to comply with the T&C's

    Is at one session sitting at my PC, transfer £1k from account 1 ->2 then repeat 2->3 until 5-> 1 ??

    Do any of you do this or do you leave 1 day between transfers?
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