New Lloyds Vantage current account

exel1966

It doesn't really matter as long as it's every calendar month. You could even do 10 x £100 deposits if you like.

exel1966

savetilibleed wrote: »

I had the first of my three a/cs changed on 11 Sept and the other two on 19 Sept. On the latter date, interest of nearly £5 appeared in each of these two a/cs, but not in the first a/c on the date it was switched. Goodness knows why interest then. On tenterhooks waiting to see what happens at the usual interest date

I would have been on the phone pronto if that happened to me. They haven't upgraded the accounts as well have they?

Zekko

Zekko wrote: »

Just rang the 0800 015 0162 and a very helpful lady converted my accounts to the 4% rate with no fuss at all.

She said I should receive a pack in the post over the next few days to confirm the new rate. :T

Just a quick message to say that the packs have now been received in the post today with a leaflet confirming the 4% rate. :beer:

ed123_2

How do you tell if your accounts have been upgraded to the 4% rate? ie from logging in to your accounts on-line........thanks ed

exel1966

The only way is to call them, go into branch or wait until tomorrow morning when interest payments are due.

innovate

Is everybody going to stay up all night, madly clicking the refresh button on their Vantage accounts?

I know I won't....

MoneySaverLog

I'll check it in the morning :-)

savetilibleed

exel1966 wrote: »

I would have been on the phone pronto if that happened to me. They haven't upgraded the accounts as well have they?

I hope they upgraded them to 4%. I received the the packs in the post, one for each, dated the day I called them. I'll wait a few more hours (or until tomorrow) to see if the interest seems right bearing in mind the mid-month payment on the two, or if it arrives at all. Then be on the phone if not all well.

MoneySaverLog

Interest has now gone in, looks like I was 75p shorter than I thought I was getting.

YorkshireBoy

MoneySaverLog wrote: »

Interest has now gone in, looks like I was 75p shorter than I thought I was getting.

I have more than I was expecting!

However, because my 'extra' equates to one days interest, I suspect they have included yesterday's (ie 1st October) accrued interest in September's payment*.


* Excluding the £1 Tesco DDs which left very late in the month, I've had £5,006 in each account since 12th September and I've received £8.63 interest per account.

I make that 20 days, despite there only being 19 days from 12th to 30th September...

£5,006 x 0.393 / 365 x 20 x 0.8 = £8.63


EDIT: Something which may interest others is that I've received 4% AER on the entire balance from the 12th September, despite 2 of my 3 Vantage accounts not having the requisite DDs set up until the 17th, & 18th of the month respectively...so it seems they do a check at month end for the DDs being present - not each day - for interest calculation.