New Lloyds Vantage current account

gwyn1_2

I have three of each, opened the last two BoS last week

badger09

Steve_xx wrote: »

Do you reckon it's possible to open some BoS accounts as well as having the LTSB's?

Absolutely. Several posters have 3 of each. I have 3 LTSB & 1 BOS but intend to open another 2 BOS shortly .

namecheck

Steve_xx wrote: »

Do you reckon it's possible to open some BoS accounts as well as having the LTSB's?

Yes.

I have applied today for my first BOS Classic Vantage (needs to be Vantage for the interest). The application asks for a lot of specific info on the applicant's finances and what he/she will use the account for.

YorkshireBoy

boobbby wrote: »

Some people seem to keep only £6000 in each account so how do they pay for the day to day needs like fuel for the car, food. goods

That's what credit cards are for!

and credit card payments etc.

My credit card payments are 1% of the balance (because I have a 0% on purchases card). I make this rather small payment from 'petty cash' and save the other 99% in an account making me 2.8% AER gross.

Why would you want to spend your own money, which could otherwise be making you more money, when you can spend someone elses (for 12-15 months)?

Steve_xx

Thanks for the replies folks. BoS account applied for.

boobbby

YorkshireBoy wrote: »

That's what credit cards are for! ;)My credit card payments are 1% of the balance (because I have a 0% on purchases card). I make this rather small payment from 'petty cash' and save the other 99% in an account making me 2.8% AER gross.

Why would you want to spend your own money, which could otherwise be making you more money, when you can spend someone elses (for 12-15 months)?

Your right!! I tend to use cash for most of the every day spending but could use my Aqua credit card which gives me 3% cashback

blizeH

Do you guys just setup direct debits between the accounts? I only have 1 account (of 3) earning 4% right now - no direct debits on any other account

Vortigern

blizeH wrote: »

Do you guys just setup direct debits between the accounts? I only have 1 account (of 3) earning 4% right now - no direct debits on any other account

Yes. You had to have 2 DDs on each account by 31/10/12 to qualify for the 4%. Too late for you to qualify now. Details earlier in this thread.

Alex92_2

Just to confirm for some people as there are the same sort of questions popping up.

I have spoken to lloyds in branch about why I was getting £15.65 sometimes and £15.32 other times. Interest in calculated on a daily basis, so if you have £6k (doesnt change for whole month) it will either be 28 day of interest of 31 days depending on the month. The max you can get for £6K in there at %4 after tax is £16 per month.

If you have £6050 in there, you will still get interest, but you just wont get interest on any balances over £6k.

The vantage accounts used to be £7k each back in the day. I miss that.

blizeH

Ah! Thanks Vort - not too bad though, 3% interest is still actually a pretty good return, especially since I can instantly access the money if needed