Club Lloyds Monthly Saver - rate dropped?

Candyapple

Following on from Santander's savings rate drop, I was just checking what was left - I could have sworn this used to be 4%? When did they drop it to 3%?

https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.asp

eskbanker

It dropped on 7th June: https://forums.moneysavingexpert.com/discussion/comment/70789882#Comment_70789882

Candyapple

Thanks for that, missed that thread.

I did wonder especially after seeing this and it states it's updated daily:
http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

butterflymum

...but for folks who opened a 4% before the drop, their account will still be earning that, as the 3% applies to new accounts only.

Katiehound

Luckily spotted the rate drop so won't be opening a new monthly saver-mine matured earlier this week: might as well get 3% on the full amount from the start with BOS with Vantage

PeacefulWaters

Katiehound wrote: »

Luckily spotted the rate drop so won't be opening a new monthly saver-mine matured earlier this week: might as well get 3% on the full amount from the start with BOS with Vantage

With interest rates heading south I'd suggest opening one anyway. Remember it's a fixed rate.