New Lloyds Vantage current account

missile

GDBD59 wrote: »

Just logged in for 1st time since these posts, - I'm not seeing the option to upgrade my 'Classic' to Vantage (ie Vantage no.2) only to 'Silver'.

Can anyone advise, am I missing something?
As per an earlier suggestion, I'll open 3 Vantages if I can.

click on the blue "Upgrade account" icon

at the bottom of the page click on Compare with all accounts

at the bottom of the page Classic with Vantage click on "Upgrade now"

GDBD59

I set up a standing order from a Santander account to my First Direct Regular Saver;- money left, but was returned. I got a statement from Santander saying "invalid detail", but no explanation. I've checked sortcode & account number are ok. Should it work, or does the money into the R/Saver have to be an internal transfer?

namecheck

GDBD59 wrote: »

I set up a standing order from a Santander account to my First Direct Regular Saver;- money left, but was returned. I got a statement from Santander saying "invalid detail", but no explanation. I've checked sortcode & account number are ok. Should it work, or does the money into the R/Saver have to be an internal transfer?

I'm sure it needs to be an internal transfer.

I recently (very belatedly) opened a FD account and then their Regular Saver. I also found that the date of the monthly transfer into the RS cannot be changed (it's in the T&Cs) - ie it stays the same as the day in the month of the first transfer.

pqrdef

namecheck wrote: »

I'm sure it needs to be an internal transfer.

Yes, they set up the SO from your current account when you open the RS.

The gotcha is that new SOs don't show up on the website until they've been paid.

If the first SO payment isn't funded or covered by the overdraft limit, they may just quietly decline it and switch you on to a pathetic interest rate, so come the year end you find you've earned 20p.

GDBD59

Ok, thanks for the answers both.

Gers

Gers wrote: »

Just going off down south and checked all my Vantage accounts - all three are showing £16.54 interest.

Today I have checked and the interest on all three is £15.51. I've phoned the bank and the adviser told me that the only thing she can think of is that it's paid per calendar month and December has fewer days than November! Even I can spot the error of her ways there!

All three were maxed at £6K with no drop below and all having the required DD activity.

Told to ring back after 8.00a.m. to speak to a different department.

pqrdef

Gers wrote: »

Today I have checked and the interest on all three is £15.51. I've phoned the bank and the adviser told me that the only thing she can think of is that it's paid per calendar month and December has fewer days than November! Even I can spot the error of her ways there!

She's right. Interest is paid up to the first working day of the month, so November started on the 1st, December on the 3rd and January on the 2nd.

That makes November 32 days and December 30 days, so expect 30/32 = 15/16 of what you got last time.

Gers

pqrdef wrote: »

She's right. Interest is paid up to the first working day of the month, so November started on the 1st, December on the 3rd and January on the 2nd.

That makes November 32 days and December 30 days, so expect 30/32 = 15/16 of what you got last time.

How you've explained it makes sense - how the advisor explained it did not!

I'll get the hang of this by the time the 12 months are up.

Many thanks.

Fi

blindman

Just logged into my and my wife's 3 accounts (each)

All three of mine have the interest paid-NONE of hers has!

No change from last month, all accounts have DD's setup.

Anyone else "missing" their interest? :eek:

Richchad

Interest paid today on all 7 of our accounts, but it was lower than last months which surprised me as is 31 days, but assume it is something to do with interest payment dates and Christmas..:undecided

Strange thing though is that one account that had dropped lower than the the 6k but not under 5k for some days last month has actually more interest than my others on full 6k for whole month.