New Lloyds Club current account

DragonQ

Converted my primary Classic Vantage to a Club Lloyds account today. No point opening a new one since I'd have to move my DDs over and I don't have enough to fill Club Lloyds, 3 Vantage accounts, and 2 TSB Plus accounts anyway, plus Vantage rates are being slashed in a few months anyway.

4% on £5000 plus 5% on £4000 is pretty cool. Might have to set up some pointless DDs to get a second Club Lloyds account later.

Archi_Bald

DragonQ wrote: »

Might have to set up some pointless DDs to get a second Club Lloyds account later.

Sorry to spoil your party, but the max number of Club Lloyds accounts allowed is 1.

DragonQ

Archi_Bald wrote: »

Sorry to spoil your party, but the max number of Club Lloyds accounts allowed is 1.

Ah right. No idea what I'll do with my money then. 1.5% Vantage is pointless when even my ISA gets more than that.

info_addict

OK, set up the Tesco DD and one from my Principality esaver, to my main Vantage account for £1 each and when they become active, will upgrade it to Club. But in the meantime my wife and I also want to apply for a joint account.

Anyone managed to open a Joint Club yet? As I can't see anywhere on the online application form an option for this.

Is it done over the phone, or do we have to open a Joint Classic account and then upgrade it to Club?

Bearing in mind we already have 10 Vantage accounts between us (oh the good old days when you could have more than 3)

mary

Just opened the Club current account as well as Club RS but when I log into Club current to set up the £400 SO to Club RS, it only shows my 4 existing Vantage accounts and not the Club RS as an option. Anyone else managed it instantly, or is it a case of waiting until tomorrow??

johnk

info_addict wrote: »

OK, set up the Tesco DD and one from my Principality esaver, to my main Vantage account for £1 each and when they become active, will upgrade it to Club. But in the meantime my wife and I also want to apply for a joint account.

Aren't these standing orders rather than DD? Does SO count here for the purpose of DD?

KTF

johnk wrote: »

Aren't these standing orders rather than DD? Does SO count here for the purpose of DD?

They are DD and show up under the DD section of online banking.

anna42hmr

johnk wrote: »

Aren't these standing orders rather than DD? Does SO count here for the purpose of DD?

no they are dd's, some savings accounts use the direct debit system to pull money into the account, see this thread for more info:

https://forums.moneysavingexpert.com/discussion/4168667

its the way many of us are able to have so many accounts that need DD's to keep the rate/payments

Savings_Dave

DON'T FORGET EVERYONE!

Fund your account with £1500 a month otherwise a £5 monthly fee - its the last day of the month today so make sure you transfer some money in and then out again. This is for peeps who opened an account just yesterday and today.

On another note my two direct debits won't take be taken until May - therefore I won't earn any interest in April, so will just keep £1 in there until 1st May.

bsms1147

Savings_Dave wrote: »

DON'T FORGET EVERYONE!

Fund your account with £1500 a month otherwise a £5 monthly fee - its the last day of the month today so make sure you transfer some money in and then out again. This is for peeps who opened an account just yesterday and today.

The fee is waived for the first month if you apply part way through that month, so noone needs to rush.