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Club LLoyds Monthly Saver S/Order

2

Comments

  • gingercordial
    gingercordial Posts: 1,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    savetilibleed wrote: »
    I just noticed today, a few days after closing a matured CLMS and opening in a new one that they have sneakily reduce the interest rate to 3% from today, 07 June 2016.

    If you opened it by 6 June 2016 it will be fixed at 4% for 12 months. Accounts opened from 7 June 2016 are now fixed at 3%.

    Follow this link and change the drop down to the older dates.

    https://www.lloydsbank.com/rates/savings/club-lloyds-monthly-saver.asp
  • savetilibleed
    savetilibleed Posts: 1,363 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    gingercordial wrote: »
    If you opened it by 6 June 2016 it will be fixed at 4% for 12 months. Accounts opened from 7 June 2016 are now fixed at 3%.

    Follow this link and change the drop down to the older dates.

    https://www.lloydsbank.com/rates/savings/club-lloyds-monthly-saver.asp
    Oh of course it is! How stupid of me! Fixed rate, fixed term. I ought to know better! :(
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Seventh Anniversary 500 Posts Name Dropper
    Help please!

    I opened my Club Lloyds Monthly Saver on Sat 4 June online. The first credit was made on Tues 7 June by SO.

    The advertised fixed rate when I opened was 4%. Will I receive 4% or the new 3%? I did receive a welcome email from Lloyds on 4 June not mentioning any drop in interest.

    Thank you.
  • savetilibleed
    savetilibleed Posts: 1,363 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Deleted_User wrote: »
    Help please!

    I opened my Club Lloyds Monthly Saver on Sat 4 June online. The first credit was made on Tues 7 June by SO.

    The advertised fixed rate when I opened was 4%. Will I receive 4% or the new 3%? I did receive a welcome email from Lloyds on 4 June not mentioning any drop in interest.

    Thank you.
    As mentioned, as you opened it before the rate change it will be fixed at 4%. My first credit by SO was on 6 June but I'm fairly sure you are OK.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Seventh Anniversary 500 Posts Name Dropper
    Many thanks, savetilibleed. The difference will be about £25 after 12 x £400 payments.
  • Ashen
    Ashen Posts: 594 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 8 June 2016 at 6:21PM
    gingercordial wrote: »
    If you opened it by 6 June 2016 it will be fixed at 4% for 12 months. Accounts opened from 7 June 2016 are now fixed at 3%.

    Follow this link and change the drop down to the older dates.

    https://www.lloydsbank.com/rates/savings/club-lloyds-monthly-saver.asp
    What confuses me here is that the older dates in that dropdown consist of only five days in total - 02/06/2016 to 06/06/2016.

    Why have those particular five days in a separate dropdown, but below that have the last 3+ years (including those five days) in the 'Previous rates' section?
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Deleted_User wrote: »
    Help please!

    I opened my Club Lloyds Monthly Saver on Sat 4 June online. The first credit was made on Tues 7 June by SO.

    The advertised fixed rate when I opened was 4%. Will I receive 4% or the new 3%? I did receive a welcome email from Lloyds on 4 June not mentioning any drop in interest.

    Thank you.

    I also opened mine on Saturday and the rate showing on my online banking is 4% so I would say it will go by the opening date.
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • Ashen
    Ashen Posts: 594 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 8 June 2016 at 6:28PM
    EDIT: Bah, that's two people now that have replied to me and then deleted their replies ;)
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Ashen wrote: »
    EDIT: Bah, that's two people now that have replied to me and then deleted their replies ;)

    I only did that as when I posted, saying the rates were underneath, but you had added the information into your post so mine was not needed, as it was duplicated information

    :-0)
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Seventh Anniversary 500 Posts Name Dropper
    Westie983 wrote: »
    I also opened mine on Saturday and the rate showing on my online banking is 4% so I would say it will go by the opening date.


    Yes, mine says 4% on online banking too. Hopefully wle have just scraped through on the higher rate.
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