New Lloyds Vantage current account

Hominu

I doubt Lloyds will cut the 3% rate whilst banks like Santander retain theirs, and Nationwide is rumoured to offer a 3% account.

For sure the 1% bonus expires in October.

innovate

Gromitt wrote: »

In October the rate changes from 4% to 3%, so unless the economy improves it might still be a decent place to stash some cash.

Agree, but don't forget that the 3% is up to max £5K only, not £6K (like the 4% offer is)

Nothing to be concerned about just now though - let's worry about it come October :cool:

Alex92_2

YorkshireBoy wrote: »

I already have 3 x BoS, but if LTSB is still 3% AER on £3-5K (and I don't for one minute think it will be) then £15K of the £18K will stay with them.

How are you finding the BoS accounts. Easy to use? Good online access? The 4% on £6K expires on 31st October 2013. I presume that the 3% on £5K offer will finish too this year, I would be very surprised if they keep it.

boobbby wrote: »

Are you sure it finishes in October as I thought that was just the 4% Vantage account. The 3% Vantage account as far as I know does not have an end date

The 4% finishes October 31st. I presumed that the 3% would also likely expire, if it doesnt - I would be very surprised if they kept the same interest rate.

innovate wrote: »

Agree, but don't forget that the 3% is up to max £5K only, not £6K (like the 4% offer is)

Nothing to be concerned about just now though - let's worry about it come October :cool:

I think I will pick Santander 123 account before opening Lloyds Classic Vantage (If its still 3x3% on £5K). Would rather have more money (£22K as opposed to £15K max) getting the same interest in one big account, rather than 3 separate ones. Not to mention the cashback they do on bills.

Seems like the only ones considering so far, is BoS £5K at 3%, Lloyds 3% at £5k (if its still going) and Santander 123. Wish FD still had their 8% regular saver going still , regret not getting onto that sooner.

Gromitt

Alex92 wrote: »

How are you finding the BoS accounts. Easy to use? Good online access?

Never used BoS online access as the accounts appear when I login to my Halifax account, so when I FP the 1K into my reward account, its just an internal transfer between the 3 BoS accounts and then into my Halifax Online Saver.

missile

LTSB cancelled my 4th 4% Vantage account

Alex92_2

missile wrote: »

LTSB cancelled my 4th 4% Vantage account

Why are you upset or surprised? You are only allowed 3. You could have always set one (or three) up in your partners name I guess. Probably immoral or illegal, but then doesn't that sum up every bank and banker?

YorkshireBoy

missile wrote: »

LTSB cancelled my 4th 4% Vantage account

Did you give them an opportunity?...a branch visit/phone call on an unrelated matter perhaps? Or do you think it was done by the people/systems at 'Head Office'?

missile

Alex92 wrote: »

Why are you upset or surprised? You are only allowed 3. You could have always set one (or three) up in your partners name I guess. Probably immoral or illegal, but then doesn't that sum up every bank and banker?

Did I say I was upset or surprised? I am ..................... cool :cool:

FYI: We set up Vantage accounts for my wife and I long before they introduced the maximum 3 vantage accounts rule. They allowed us to upgrade four of those for my wife and three for me to 4%. Not immoral or illegal.

missile

YorkshireBoy wrote: »

Did you give them an opportunity?...a branch visit/phone call on an unrelated matter perhaps? Or do you think it was done by the people/systems at 'Head Office'?

We had to contact them. Very strange, last month we received 4% on £6,000 for two accounts and 3% on £6,000 for the other two.

johnmoney05

missile wrote: »

We had to contact them. Very strange, last month we received 4% on £6,000 for two accounts and 3% on £6,000 for the other two.

Do you have two DDs running and £1000 in every month?