What is the Highest Interest Rate / Cashback / Rewards You Can Get?

Special_Saver2

Hi Yorkshire Boy,

Sure, I will go and update it now. Thanks.

SS2

ASavvyBuyer

Just opened a Lloyds Club Account. For those that already have them, when do they pay interest? Is it on 1st working day of the month or on the monthly anniversary of opening the account?
I need to set up DD's from Tesco savings accounts to pull in the interest and meet DD requirement, so need to know when the interest gets paid.

YorkshireBoy

ASavvyBuyer wrote: »

Just opened a Lloyds Club Account. For those that already have them, when do they pay interest? Is it on 1st working day of the month or on the monthly anniversary of opening the account?

T&Cs, page 3 (of 12).

I need to set up DD's from Tesco savings accounts to pull in the interest and meet DD requirement, so need to know when the interest gets paid.

Mine are all set for the 3rd of the month, as a happy medium.

ASavvyBuyer

YorkshireBoy wrote: »

T&Cs, page 3 (of 12).Mine are all set for the 3rd of the month, as a happy medium.

Thanks for that; found it in page 2 of the "club.pdf" doc. Interest paid at the end of the 1st working day.

Plus

Some changes:

• Halifax HTB ISA is now 2.5% for new customers
• Santander HTB ISA is now 2.5% (if you have a suitable current account)
• Cumberland BS HTB ISA is now 3% (I don't see any residence criteria but can only be withdrawn in a branch which makes this less practical if you don't live locally, though you should be able to pull money elsewhere by ISA transfer)

Special_Saver2

Hi Plus,

Thanks, I have updated the first post in this thread accordingly.

SS2

TomJ

A couple more. Santander have dropped their Regular eSaver rate to 3%.

Also, for consistency's sake, you should list the Co-op's Everyday Reward as a taxable £60 per year; it, like the Halifax reward, is paid net of tax which (if you're a non-taxpayer) is reclaimable in the same way as with Halifax.

colsten

TomJ wrote: »

A couple more. Santander have dropped their Regular eSaver rate to 3%.

Issue 2, for new accounts only. Existing accounts stay on 5% for now.

TomJ

True, but I sort of assumed the guide was for people who were looking where to put their cash, not who already had the account. You're probably right to mention it though, to avoid alarming people holding the account.

Special_Saver2

TomJ wrote: »

A couple more. Santander have dropped their Regular eSaver rate to 3%.

Also, for consistency's sake, you should list the Co-op's Everyday Reward as a taxable £60 per year; it, like the Halifax reward, is paid net of tax which (if you're a non-taxpayer) is reclaimable in the same way as with Halifax.

Thanks, I have updated the first post of this thread accordingly.

SS2