lloyds vantage / tsb vantage

G_M

Done a quick search but being lazy as can't find it:

When does the Lloyds Vantage interest rate drop and DD requirement start?

And have TSB announced any similar change yet?

Stubod

end of July I think...I have already moved to Santander 123.....goodbye Lloyds...

eskbanker

Last day of 3% for Lloyds Vantage is 1 July, new rates are from 2 July.

No announcement from TSB that I'm aware of.

HardSpend

Oh dear, I was moved to TSB when it split. I really hope they don't cancel the 3% as well.

I just applied to create a Club Lloyds account. Why not apply for that?

4.00% AER/3.93% Gross variable on balances of £4,000 to £5,000.

PeacefulWaters

HardSpend wrote: »

Oh dear, I was moved to TSB when it split. I really hope they don't cancel the 3% as well.

Have you considered the TSB account paying 5%?

HardSpend

PeacefulWaters wrote: »

Have you considered the TSB account paying 5%?

Thanks I had not but I will open one now:) Just pay in £500 from my 'TSB Classic Enhance' account each month and then transfer it back out again? Sounds easy enough...

Do I keep my Classic Enhance accounts?:/

Archi_Bald

HardSpend wrote: »

Do I keep my Classic Enhance accounts?:/

It would depend how much money you have to play with. If you don't have a spare £4K to fill 2 TSB Plus accounts, it might make sense to pull this out of TSB Enhance (assuming you have enough in there).

HardSpend

Archi_Bald wrote: »

It would depend how much money you have to play with. If you don't have a spare £4K to fill 2 TSB Plus accounts, it might make sense to pull this out of TSB Enhance (assuming you have enough in there).

Thanks for reply. I've got two TSB classic enhance accounts with £5k in each so I get about £10 interest each month. I've got a Santander 123 account with £20k in. I'm wondering where to put any extra money until I can afford a deposit.

eskbanker

HardSpend wrote: »

Thanks for reply. I've got two TSB classic enhance accounts with £5k in each so I get about £10 interest each month. I've got a Santander 123 account with £20k in. I'm wondering where to put any extra money until I can afford a deposit.

Open two TSB Pluses and transfer £2K from each Enhance to maximise interest! Leaves £4K headroom in your Enhances for further saving....

HardSpend

Thanks, I just got off the phone with them to confirm I can do that:) I have other queries with Halifax/Club Lloyds but best not to hijack thread!

btw I was told on phone you have to wait 1 day between opening TSB plus accounts but I tried it online and they both worked straight away and I have put money in them.

Cheers

G_M

eskbanker wrote: »

Last day of 3% for Lloyds Vantage is 1 July, new rates are from 2 July.

No announcement from TSB that I'm aware of.

Thanks. Spot on - I found my letter from Lloyds.

Yes, I've got Club Lloyds and TSB Plus set up - just wanted to know if/when to take action on Vantage and Enhance.