Lloyds Vantage Accounts

MoneySaverLog

altocumulus wrote: »

Now they need us to re-apply, even when our accounts remain 'vantage'. What advantage, vantage !!!

Probably hoping that a lot of customers don't realise this and think they're going to get 4%. Also how many people out there can actually check the interest is right? I'm betting the ones that know how to check will know to re-apply and the ones that don't will just believe they're on 4%

innovate

Best read up about it in the thread over on the Savings board - it contains answers to all your questions, and I see you already found it.

altocumulus

MoneySaverLog wrote: »

Probably hoping that a lot of customers don't realise this and think they're going to get 4%. Also how many people out there can actually check the interest is right? I'm betting the ones that know how to check will know to re-apply and the ones that don't will just believe they're on 4%

The website is not very clear on what interest is being paid - there ought to be a quick figure visible at the top of the account details - instead of having to trawl through often out-of-date info.

It took a 10 minutes call, and two advisors to get my account upped; and my 9 digit phone-banking number is no longer valid ! I should have a 6 digit one ....

altocumulus

exel1966 wrote: »

They don't have to ask you. Rates went down because of the BoE base rate, it happened everywhere. Markets change, that's life.
They don't need you to reapply, just make a quick phone call, hardly a big deal is it.

You're in good, helpful mood !

exel1966

altocumulus wrote: »

You're in good, helpful mood !

And you were being unnecessarily sarcastic because you thought as an existing customer you had some right to an increased rate and had to call them and ask for it!

exel1966

MiserlyMartin wrote: »

Actually the vantage rate went down while the base rate was already stuck at 0.5% and had been for a while.

Yes, correct, exactly as I said, because of the BoE base rate!! No actually about it!

It had been at 0.50% with no expectation of change for the foreseeable future, therefore not viable for Lloyds to maintain.

slush

Andystriker wrote: »

I spent a morning last week opening two regular savers paying 5% Gross at 2 different Building Societys.

Great rates - who were they with?

jonesMUFCforever

slush wrote: »

Great rates - who were they with?

What is the maximum you can put in each month/ How long will it take for you to reach £6k in each account?

amiehall

As a Lloyds customer, I'm annoyed not to have been alerted to this. I definitely allowed them to send me marketing by email only so am not sure why they wouldn't bother to alert you...

MoneySaverLog

The only email I get from Lloyds is when I log into secured online banking. Any email from Lloyds is usually phishing email which gets ignored.

I only found out about the offer on here. Though I've seen the TV advert a few times, not sure if it's being actively promoted to existing customers as signed up on day one.

Not been in branch for a while so could be advertised here too. A secure message, like the one saying the system was going down at the weekend might be in order if anyone from Lloyds is looking in.