New Lloyds Vantage current account

Vortigern

page1 wrote: »

I have £2500 sat in flex direct, next can i put £1000 in and take it out next day or so every month?

Yes. You can pay £1000 in and transfer it out the next minute if you want.

anamenottaken

Vortigern wrote: »

Yes. You can pay £1000 in and transfer it out the next minute if you want.

And remember to transfer out the monthly interest as interest is not compounded when you are already at the £2,500 level.

vixen1500

MoneySaverLog wrote: »

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.

Is the TSB you mention a different bank to Lloyds? and if so do you have a link as where I did a search I could only find a New Zealand Bank

Thanks

missile

koenig wrote: »

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

Not any more, Martin sold it for mega bucks ..... and good luck to him :T

Yorkie1

vixen1500 wrote: »

Is the TSB you mention a different bank to Lloyds? and if so do you have a link as where I did a search I could only find a New Zealand Bank

Thanks

Lloyds TSB is shortly to split off a whole load of branches which will become a separate bank: so there will be Lloyds, and TSB. Once that has happened, TSB will have its own range of accounts.

Hasn't happened yet, though.

missile

See here for more info. All thanks to our political masters in Brussels.

page1

May i ask you if they say

" You'll get these rates as long as you pay in at least £1,000 per month (excluding internal transfers) in to your FlexDirect account"

Does excluding internal transfers mean that you can't transfer from your flex direct account A to your flex direct account B? But you can transfer from your flex direct account A to someone else's flexdirect account.

Gromitt

It means you have to make a payment (not transfer) from a different bank/bs.

badger09

page1 wrote: »

May i ask you if they say

" You'll get these rates as long as you pay in at least £1,000 per month (excluding internal transfers) in to your FlexDirect account"

Does excluding internal transfers mean that you can't transfer from your flex direct account A to your flex direct account B? But you can transfer from your flex direct account A to someone else's flexdirect account.

It means that the £1000 (which doesn't have to be in a lump so could be 2 x £500 or 4 x £250 say) must come in every month from an account held outside of Nationwide.

You can transfer between accounts within Nationwide, yours or someone else's, as much as you like, but those transfers will not count towards the necessary £1000 per month funding.

Herbalus

missile wrote: »

Not any more, Martin sold it for mega bucks ..... and good luck to him :T

He did sell it for mega bucks, but the penalty for breaking the editorial code and selling products (as opposed to saying which ones are genuinely the best), are millions for £.