Will Lloyds review Cash ISA interest rates?

Morfydd

As the bank returns to Lloyds (not Lloyds TSB) will they quickly consider improving the interest rates on their cash ISAs or continue to lose existing customer business to rivals? Next Monday would be a good time to reveal their intentions!
With two customers in our house, both with ISAs fixed term ending the alternative deals available we feel are too tempting to now ignore.

opinions4u

I don't see why a branding change is likely to see a change in rate.

But banks often plan quarterly, so a rate review isn't out of the question. I'd just expect any higher rate within LBG to be in Halifax or Birmingham Midshires. And a rate review could go either way.

(By the way, you posted in the credit card section)

eskbanker

The Lloyds fixed rate ISA at 1.9% isn't market leading but isn't miles off when the other mainstream providers are offering around 2-2.1% - some people will move their money around to chase those sort of margins but you'd struggle to find a provider who's always going to top the best buy tables!

lisyloo

will they quickly consider improving the interest rates on their cash ISAs

At the moment ISA rates are going down not up.

bigadaj

Morfydd wrote: »

As the bank returns to Lloyds (not Lloyds TSB) will they quickly consider improving the interest rates on their cash ISAs or continue to lose existing customer business to rivals? Next Monday would be a good time to reveal their intentions!
With two customers in our house, both with ISAs fixed term ending the alternative deals available we feel are too tempting to now ignore.

Sorry to burst your bubble but the banks don't really want your money. The government is giving them money at less than 1% so anything above that is looking pretty good right now.