TSB/Lloyds split - anyone sticking with Lloyds?

MoneySaverLog

socrates wrote: »

So does TSB have Classic Vantage Accounts?

No but they have speedbank cards

Archi_Bald

MoneySaverLog wrote: »

No but they have speedbank cards

Is that the same as cocainebank cards?

EarthBoy

MoneySaverLog wrote: »

No but they have speedbank cards

It's a shame they're not reviving the Speedbank brand. I was hoping they'd bring back the name Trustcard for their credit cards, but no luck there either. They probably think the old names are too 1980s for a new bank.

zerog

lemonjelly wrote: »

Where is it please?:)
I'm gonna have £6k to cream off from the vantage accounts, & I have other stuff in lower rate savings accounts...

Vantage is still goign to be 3% for £5k... you'll just be able to have 6 (or actually 9, including BOS) of them now

Dave1979

rb10 wrote: »

You do know that everyone who currently works for TSB used to work for Lloyds.

They are the same people, working in the same offices, managing the same products, for the same customers.

The only thing that's different is the logo.



Do you really believe this? TSB hasn't done anything to indicate that it's going to be an old-fashioned style of bank. In the short term, at least, it'll operate in exactly the same way LTSB did.

Certainly no Mainwaring's to be seen!

It is different and run as a completely separate business now until flotation. Different lending criteria and products. It will be old fashioned in terms of it will only lend out what it has in deposits - no risky casino banking. Boring and safe and no government bail-out money.

rb10

Dave1979 wrote: »

It is different and run as a completely separate business now until flotation. Different lending criteria and products. It will be old fashioned in terms of it will only lend out what it has in deposits - no risky casino banking. Boring and safe and no government bail-out money.

It sounds to me as though it's more of the building society model. Which can only be a good thing.

That doesn't mean you'll meet Mainwairing when you walk into a branch...

opinions4u

Dave1979 wrote: »

It is different and run as a completely separate business now until flotation. Different lending criteria and products.

What different products? A few name tweaks so far.

What different lending criteria? Any specifics?

Boring and safe and no government bail-out money.

At this point in time it is owned by LBG who's biggest shareholder is the government.

I believe the rest of LBG now has a balanced deposit v loan ratio (excluding non-core assets that are being run down anyway).

Archer07

So 2 weeks later and still no letter from Lloyds on how to proceed with moving back to them.

I'm thinking if it might be less hassle if I were to setup a new current account online with Lloyds. The account already has my Cash ISA, if I made a new current account online, would they still require me to take ID to the nearest branch?

Gromitt

If you already have an account with them I don't see why. Can you login to your cash ISA via internet banking and then apply online?

Archer07

Yes I have an online account with both. I eventually went through switching back to Lloyds, everything went through smoothly