New Lloyds Club current account

badger09

Funding can be internal.

You can only have 1 Club Lloyds account though, so can't upgrade several Vantage accounts. Open another Tesco savings account?;)

JustAnotherSaver

badger09 wrote: »

Funding can be internal.

You can only have 1 Club Lloyds account though, so can't upgrade several Vantage accounts.

Ahh thanks.

Open another Tesco savings account?;)

It says they have to be different though.

Earn monthly tiered interest on your balance - 1.00% AER/1.00% Gross variable on balances from £1 to £1,999.99, 2.00% AER/1.98% Gross variable on balances of £2,000-£3,999.99 and 4.00% AER/3.93% Gross variable on balances of £4,000 to £5,000, when you pay at least 2 different direct debits from your account each calendar month: Interest is paid monthly. The interest rate applies to your whole balance up to £5,000. No interest is paid on amounts over £5,000.

badger09

JustAnotherSaver wrote: »

Ahh thanks.It says they have to be different though.

2 different Tesco savings accounts

anamenottaken

JustAnotherSaver wrote: »

Do you need to actually be invited to join this?

When my mum logged on to her account, she was invited as she pays at least £1500 a month in.

I on the other hand was only crediting £1000 & i didn't get the invite message.

If this is just some sort of error & i can actually join, do you really need 2 direct debits on the account? As i looked at the message my mum had when she logged on & it didn't mention anything about that. Just said 4% up to £5,000. Would certainly be better than the current 3% elsewhere (have already got the 5% accounts elsewhere).

I think Lloyds have been quite good about alerting customers to this requirement. My OH upgraded his Vantage account to Club Lloyds last month and they wrote separately pointing out the £1500 requirement because they had noticed he had not consistently been crediting that amount in previous months.

JustAnotherSaver

badger09 wrote: »

2 different Tesco savings accounts

Oh right. My mistake then. I thought it had to be separate like the Halifax requirement for their £5.

Gromitt

JustAnotherSaver wrote: »

Oh right. My mistake then. I thought it had to be separate like the Halifax requirement for their £5.

The Halifax reward payments are exactly the same - I use two different Tesco savings accounts for £2.50 each and still get the reward as it's 2 different DDs

Lloyds_Bank

vixen1500 wrote: »

Just rang again tonight, after speaking and emailing various people in June. Confirm that my first issue should be sent out on the 7th of Aug - so fingers crossed.


Please can we have more choice next year (did consider the cinema tickets but the nearest one is 40miles away so not worth it - would cost more in petrol than the ticket)

Ok, hope that's all sorted for you now then and thanks for the feedback.

Craig

st3w4rt

I've read most of the posts in this thread so apologies if this has been answered already.

I have set up a standing order from club lloyds to club lloyds savings account for an amount I know I can afford. It was my intention to transfer extra funds that I had available at he end of each month as an Internet bank transfer but on the website there doesn't seem to be an option for this, ie the account does not appear in the 'to' section in the bank transfer drop down box.

Is this the same for everyone? Or is this a technical issue?
Thanks.

Archi_Bald

Same for everybody.

DEPOSITS AND WITHDRAWALS
You can only pay money into the Account by your Standing Order. If the standing order is less than £25 or more than £400 we will return it to the account it was paid from. If you miss a payment it cannot be made up.

http://www.lloydsbank.com/savings/club-lloyds-monthly-saver.asp

Lloyds_Bank

st3w4rt wrote: »

I've read most of the posts in this thread so apologies if this has been answered already.

I have set up a standing order from club lloyds to club lloyds savings account for an amount I know I can afford. It was my intention to transfer extra funds that I had available at he end of each month as an Internet bank transfer but on the website there doesn't seem to be an option for this, ie the account does not appear in the 'to' section in the bank transfer drop down box.

Is this the same for everyone? Or is this a technical issue?
Thanks.

Hi st3w4rt,

Is it the Club Lloyds Saver or the Club Lloyds Monthly Saver you'd like to transfer the extra money to? If it's the Club Lloyds Monthly Saver then that won't appear as a transfer option as you can only pay to that account using the monthly standing order.

Thanks,

Craig