BOS vantange

AndyPK

I used to have a Lloyds vantage account.

About to open a BOS vantage. Do I require 2 DD on this to earn the interest ?

Thanks

bowlhead99

https://www.bankofscotland.co.uk/bankaccounts/vantage/

Lloyds pay higher interest (and give a choice of freebies and have a decent regular saver account too) but need direct debits.

AndyPK

I like my DD to my S123 account for cash back.

Not impressed with the freebies.

Did I glean from here it only lasts 1 year ? ? with high interest.

badger09

AndyPK wrote: »

I used to have a Lloyds vantage account.

About to open a BOS vantage. Do I require 2 DD on this to earn the interest ?

Thanks

What do the T&C say?

http://www.bankofscotland.co.uk/bankaccounts/classic/

AndyPK wrote: »

I like my DD to my S123 account for cash back.

Not impressed with the freebies.

Did I glean from here it only lasts 1 year ? ? with high interest.

Again, what do the T&C say?

http://www.lloydsbank.com/current-accounts.asp?WT.ac=SNCA1012


I could easily have answered your questions;) but what if I got it slightly wrong? Or even very wrong, and you lost out on £100s of interest because you didn't check :cool:

Not having a go at you particularly, but you really should at least read the T&C first.

colsten

AndyPK wrote: »

I like my DD to my S123 account for cash back.

You do not have to use any existing DDs for a Club Lloyds. It is dead easy to set up new DDs, as many as you like, using your own Tesco instant access savings accounts.

Have a look for threads that discuss this, or just go and do it. But please read the T&Cs to make sure you don't sign up for something you don't like.

YorkshireBoy

AndyPK wrote: »

I like my DD to my S123 account for cash back.

Are you saying that ALL your DDs generate cashback at Santander?

Not impressed with the freebies.

Not even the "freebie" that is an additional £40 a year after BR tax you'd get more than BoS Vantage (for a £5K balance)?...for 20-30 mins work setting up/swapping a couple of DDs.

Did I glean from here it only lasts 1 year ? ? with high interest.

No. That'll be Nationwide.

AndyPK

Ok smart !!!!!!

I did read the t&c's and was surprised to see no mention of dd on the bos and hence why I asked. I recalled Lloyds vantage needed it, although now I think about it maybe that was only when they had extra interest for 1 year on upto 6k.

Yes all my s123 dd earn cash back.

I thought I understood the club Lloyds needed 2 DD's to be paid out monthly. Not just set up.

masonic

AndyPK wrote: »

I thought I understood the club Lloyds needed 2 DD's to be paid out monthly. Not just set up.

It does indeed.

AndyPK

So people skim the interest off to a tesco account ?

What about the other dd ?

masonic

AndyPK wrote: »

So people skim the interest off to a tesco account ?

What about the other dd ?

Tesco offer two different savings accounts. They count as different direct debits and can be used on an unlimited number of current accounts. They are all you need.

colsten

AndyPK wrote: »

So people skim the interest off to a tesco account ?

The prime purpose of the Tesco savings accounts is the provision of DDs. Two separate DDs, if that's what you need. For any number of current accounts.

Skimming of interest most likely happens to accounts that pay better than the Tesco savings accounts.