New Lloyds Vantage current account

expatasia

Steve_xx wrote: »

until bright sparks like us on here exploited that in order to get 4% over many accounts. You are limited to three account maximum now, whereas some of us with legacy accounts have 10 of them!

In the legacy days what sort of difference in interest rates existed between that of those accounts and your typical Lloyd's one/three year say fixed TDs?

ChopperST

zerog wrote: »

Call them again, you might get someone else

Its ok, I walk past my local branch on my way to get my lunch. I'll pop in tomorrow. Its more the hassle of having to hang on the phone to argue with someone about the T&C's of a bank account! There is nothing in the terms about historical credits just the fact you need to pay in £1k a month to get the top tier'd rate.

Steve_xx wrote: »

You are correct. The fact that you haven't credited 1k in any month thus far is not a reason to prevent/bar you from having the 4% rate applied.

Thanks Steve thats basically all I was after - the fact that I had missed something in the small print. My account presently has "vantage" on it yet I dont pay in any money at all.

Steve_xx

ChopperST wrote: »

Thanks Steve thats basically all I was after - the fact that I had missed something in the small print. My account presently has "vantage" on it yet I dont pay in any money at all.

Yes, there's nothing in the small print that relates to historical account balances. So the person you spoke to last at LTSB is ill-advised.

Newly_retired

Anyone know if it will work to have two DDs set up from the same Vantage account to just ONE Tesco Internet Saver?

MoneySaverLog

missile wrote: »

You need two DDs from each Vantage account. I set up one DD transfer from each Vantage 4% account to my two Tesco accounts.

You might be able to set up two seperate DD from each Vantage to the same Tesco account?

I have it set up as

Vantage 1 DD --> Tesco 1
Vantage 2 DD --> Tesco 1
Vantage 3 DD --> Tesco 1
Vantage 1 DD --> Tesco 2
Vantage 2 DD --> Tesco 2
Vantage 3 DD --> Tesco 2

Hence 2 DD's on each Vantage account.

Gromitt

keiran wrote: »

One account should suffice for most individuals....

I could never cope with a single account. I don't want my regular bills coming out the account my salary is going in, nor do I want to be able to access my salary at an ATM, or give out that account number to anyone else to make payments to me.

So I have a dedicated account for my salary, then two for regular payments (was one, but Lloyds tempted me with their 4% offer), then one for ATM withdrawals and one to give out to people to make payments to me.

Thats five in total. I don't think its too many.

Oh, and one to use as a switching account should some bank come up with a nice offer for people who switch their account.

innovate

keiran wrote: »

One account should suffice for most individuals....

After the recent Natwest/RBS debacle, the benefits of having more than one current account, at different financial institutions, should be obvious for everyone.

But that is not necessarily the reason why people love to have as many Lloyds Vantage accounts as possible. Presently, it is the best place to keep £18K (or more, if you can beat the system ;-)) of cash with instant access in.

Steve_xx

innovate wrote: »

Presently, it is the best place to keep £18K (or more, if you can beat the system ;-)) of cash with instant access in.

The odd thing is that there's nothing in the terms that limits this to only 3 account! I think it's another of LTSB's staff's flights of fancy. The very fact that you are currently limited to 3 accounts makes this unwritten rule self-imposing.

psychic_teabag

It does say "Customers are limited to a total of 3 Vantage Accounts." on http://www.lloydstsb.com/current_accounts/vantage4.asp

So it is written down, though maybe not in the T&C

YorkshireBoy

Steve_xx wrote: »

The odd thing is that there's nothing in the terms that limits this to only 3 account! I think it's another of LTSB's staff's flights of fancy. The very fact that you are currently limited to 3 accounts makes this unwritten rule self-imposing.

The '3 per customer' restriction is stipulated in both the 'Vantage' and 'Vantage 4%' T&Cs here...

http://www.lloydstsb.com/current_accounts/vantage_ts_and_cs.asp#vantagetandcsoffer