Lloyds Vantage benefits finally ends....

Stubod

..its been a good run....but now Lloyds have advised their interests rates dropping from 3.0% to 1.5% ......time to move I think...but where???...already have a Santander...(so DD's already committed)......but how much longer will that last....???

innovate

What, really?!?!?!?!?

Stubod

..yes really...as from July 2nd...just had the letter, and confirmed on line at Lloyds website...also have to have 2 DD's now to benefit from "1.5%"...

POPPYOSCAR

Why not change it to their new account paying 4%? You are only allowed one plus a joint one though.

apt

Don't see what Lloyds has announced is the end of high interest current accounts as it is now offering 4% rather than 3% with a few cinema tickets or magazines on top. What it is doing is whittling out the multiple Vantage current accounts.

Stubod

..just been "googling" and noted the new account paying 4%...but needs £1,500 per month..but no mention of DD's that I can see...(?)...problem is I don't earn that much...may have to borrow some of TOH....just a bit of a pain to set up...

POPPYOSCAR

Yes you do have to have two DDs and they have to be monthly ones at that.

Stubod

..that's put the "kybosh" on that then.....do not have enough DD's to do Lloyds and Santander...I think I will just move my main account to Sant...nb will leave a few quid in Lloyds so that when Santander 123 finishes I can move back with minimum effort....

innovate

Here's a novel idea for you: what if you checked out the MSE forums, perhaps somebody else has come across the same sort of issues and has found a solution?

koru

Ah, I just got the same letter. I could switch mine to the new 4% account, but this is a useful nudge to make me transfer to Santander 123, which is much better for me anyway.

sjw1

TSB to follow shortly then?