Lloyds Bank Accounts

newbie8

I have 2 possibly 3 Lloyds Bank Accounts from back in the days where it was possible to move money around and get 3% without the need of DD's..

Are they worth keeping open now, or is it better to put 2 DD's on the account and switch to another provider where they are paying the ££'s to switch?

TIA

YorkshireBoy

Not all switching incentives require DDs but yes using them as donors makes sense.

saintalan

Anybody know whether a Lloyds Offshore current a/c would be eligible for a Donor a/c?

Thanks

Alan

newbie8

thanks YorkshireBoy,
Could you point me the right direction of some which don't require DD's? The ones I have been able to find that still offer the initial incentive all require DD's e.g. Nationwide, Co-op, M&S, FD (though I was with them a few years ago).

And donors- I assume using them to just switch and get rid of the accounts? I read that most banks will close the 'old' accounts, are there any which don't do this?

Thanks

YorkshireBoy

Does M&S now require DDs?

Halifax doesn't (unless you want the ongoing fiver).

All current switching incentive offers dictate your old account must be closed.

jonesMUFCforever

saintalan wrote: »

Anybody know whether a Lloyds Offshore current a/c would be eligible for a Donor a/c?

Thanks

Alan

No........

newbie8

YorkshireBoy wrote: »

Does M&S now require DDs?

Halifax doesn't (unless you want the ongoing fiver).

All current switching incentive offers dictate your old account must be closed.

I called up and spoke to M&S and they said need DD's on the account.

I already have 3 Halifax accounts, one of which has the monthly incentive the other 2 I stopped using because of the 2 DD's and didnt have any to keep them going.

ceredigion

Nationwide incentive ?

nearlyretired2004

If you can get it, the HSBC Advance doesnt require DDs but needs a high monthly pay in of £1750 and also gives you access to a cash ISA paying a bonus £10 per month for an investment of only £25 per month (....dont ask me why, but it is....!!)

Read the thread on it ..... I seem to have been lucky but lots are saying they are having probs getting the account

YorkshireBoy

ceredigion wrote: »

Nationwide incentive ?

Refer a friend (which now pays £100 to each party for a short while!).

ceredigion

newbie8 wrote: »

I stopped using because of the 2 DD's and didnt have any to keep them going.

Whole different thread there.