lloyds help

billy_1

Hi, I am trying to find interest rates for Lloyds " classic" account and also "gold saver 2" acc. I have just been on the website and rates say correct as from 2012 ?? Trying to be more saver savvy but so confusing anyone help please ??

xylophone

http://www.lloydsbank.com/current-accounts/comparison.asp

http://www.lloydsbank.com/rates/savings/savings-closed.asp

There doesn't appear to be any interest on classic?

On the Gold Saver it is tiny?

Could you consider switching to Club Lloyds and the regular saver?

Dobbibill

Unless you have 'Vantage' bolted on to your Classic account then you won't be earning any interest on it.

As suggested above you would be better to switch a Club Lloyds account if you meet the criteria for earning interest.

Also the 'gold saver 2' is an old account so pretty much any other type of savings account will give you a better interest rate than what you are currently getting.

Hope this helps

DB

billy_1

Thanks for your help Xylophone & Dobbibill , the manager of the bank transferred my money into the classic when I complained I had been charged £5 on my club Lloyds account because I had fulfilled the criteria except the 2 direct debits !! So now sorting out my bad accounts, Santander instant saver just realized is paying me 0.1% .

YorkshireBoy

billy_1 wrote: »

Thanks for your help Xylophone & Dobbibill , the manager of the bank transferred my money into the classic when I complained I had been charged £5 on my club Lloyds account because I had fulfilled the criteria except the 2 direct debits !!

I think you are mistaken? The £5 fee has nothing to do with your failure to pay 2 DDs, but your failure to credit the account with £1,500 in the calendar month.

billy_1

Yes Yorkie after 3 months of no interest I did stop paying wages into the account and incurred the fiver !!! http://www.moneysavingexpert.com/news/banking/2014/03/new-club-lloyds-current-account-offers-4-interest-should-you-sign-up

colsten

billy_1 wrote: »

Yes Yorkie after 3 months of no interest I did stop paying wages into the account and incurred the fiver !!! http://www.moneysavingexpert.com/news/banking/2014/03/new-club-lloyds-current-account-offers-4-interest-should-you-sign-up

That is probably why you were charged £5. You will be charged £5 a month in which you don't pay in at least £1,500.

You don't get any interest in a month in which you don't have at least 2 DDs paying out.

http://www.lloydsbank.com/current-accounts/club-lloyds.asp

Dobbibill

Hi billy1,

As advised by YorkshireBoy and Colsten above. The Club Lloyds has different criteria for different perks.....

pay in £1500 per month to avoid the £5 fee

AND

pay 2 d/d's per month to earn tiered interest on your credit balance

If your not meeting both criteria then maybe it's not the right account for you.

It's always good to have a good sort out of accounts/finances and review things every so often anyway.

I hope you find something that meets your needs

Hope this helps

DB