New Lloyds Vantage current account

innovate

castle96 wrote: »

no need for dd's. just roll £1k p/mth through the accounts

There continues to be a need for 2 DDs for those on the 4% offer. If you know nothing about this offer, then you don't need 2 DDs.

ilikepoints

If someone has a join vantage account, plus each person has two further vantages, it is allowable to set up a further joint account.

I.e. is the joint account classed as half an account or a full one?

thanks

innovate

I recall someone posted earlier that a joint account counts as one of 3 for each of the account holders. But if you aren't certain, you could always apply for another one. Worst case they turn your application down.

koenig

Why isn't the Lloyds current account recommended by Martin? It's better than the Santander 123 account as there's no annual fee but you can get 3%. It beats all the instant access savings accounts too.

Archi_Bald

koenig wrote: »

Why isn't the Lloyds current account recommended by Martin? It's better than the Santander 123 account as there's no annual fee but you can get 3%. It beats all the instant access savings accounts too.

How is Lloyds Vantage better if you have £25,000 to save?

I don't know why Martin doesn't list it, though, for people who have smaller amounts to save. Perhaps the answer lies in the fact that only current accounts "that help the site" are listed?

MoneySaverLog

Archi_Bald wrote: »

How is Lloyds Vantage better if you have £25,000 to save?

Combine 3 of them with 4 more nationwide flex direct accounts (pays 5% currently) and you could put in 25k

You could also utilise TSB and Bank Of Scotland too who I believe do similar accounts to Lloyds.

Archi_Bald

MoneySaverLog wrote: »

Combine 3 of them with 4 more nationwide flex direct accounts (pays 5% currently) and you could put in 25k

You know as well as I do that the 5% on Nationwide is only guaranteed up to £2.5K. And only for 12 months.

MoneySaverLog wrote: »

You could also utilise TSB and Bank Of Scotland too who I believe do similar accounts to Lloyds.

Yes they do. so you can stash £30K into Lloyds/BOS without paying any fees. However, you also won't get any cashback from them, not right now, anyway.

The 123 cashback potentially pays you multiples of the £2 the account costs every month - - so you could argue the 123 can pay a lot more than 3% AER (it does for me, an 3 123s - - though it's max 2 now only for new applications).

koenig

Archi_Bald wrote: »

How is Lloyds Vantage better if you have £25,000 to save?

I don't know why Martin doesn't list it, though, for people who have smaller amounts to save. Perhaps the answer lies in the fact that only current accounts "that help the site" are listed?

I just read Lloyds Vantage pays 3% on 3-5K, Santander 123 pays 3% on 3-20k. I suppose the Lloyds account is a narrow window to get 3% but no annual fee is a big plus over Santander. What's the maximum number of current accounts you can have with Lloyds?

Is this site not completely independent, are recommendations based on companies paying for advertising?

MoneySaverLog

3 normally ;-)

MoneySaverLog

Archi_Bald wrote: »

You know as well as I do that the 5% on Nationwide is only guaranteed up to £2.5K. And only for 12 months.
.

May well be the case but have still heard of others on here getting 5% on anything upto 4 of these. Also it may only be 12 months but like all the other accounts the rates could drop at anytime