club lloyds dropping to 2%, halifax rewards to £3

leeroy2009

club lloyds dropping to 2%, halifax rewards to £3


just read this:


http://www.dailymail.co.uk/money/saving/article-3832546/Now-Lloyds-cuts-rate-current-account-customers-Club-Lloyds-deal-dropping-4-2.html

badger09

leeroy2009 wrote: »

club lloyds dropping to 2%, halifax rewards to £3


just read this:


http://www.dailymail.co.uk/money/saving/article-3832546/Now-Lloyds-cuts-rate-current-account-customers-Club-Lloyds-deal-dropping-4-2.html

Club Lloyds dealt with here, but I hadn't seen the Halifax Reward drop

https://forums.moneysavingexpert.com/discussion/5539312

leeroy2009

cheers, other thread is in wrong section.

guestman

ill not bother then with such p1ss poor rates, ill just use some of my accounts to switch to co-op and m&s for the switch bonuses. keeping Halifax as my main account and tsb because its local

Ben8282

I have a Club Lloyds Premier account. It would have been nice if Lloyds had bothered to inform their customers of this rather than let them read about it here first.
I assume this has been verified as true as the website is still advertising the 4%. Rather misleading to potential new customers if the rate is to drop within the next 3 months.

joe134

with tsb doing the same,5%>3%, and only £1500, I will just shut them all down, p*** poor rates, not worth the hassle.
In all combined, the saving is peanuts, won't have to bother with all the dd's with other bank then, as they will be next,T, on their current a/cs.
sign of the times
updating.my paper work is going down drastically:)

Kim_13

More Virtual Sealed Pot money from February courtesy of Halifax then (I round my accounts to the nearest £5.)

joe134, where did you hear this? I haven't heard that TSB have confirmed any changes.

joe134

Kim_13 wrote: »

More Virtual Sealed Pot money from February courtesy of Halifax then (I round my accounts to the nearest £5.)

joe134, where did you hear this? I haven't heard that TSB have confirmed any changes.

Daily Mail today.Expect the usual comments about a proper paper:They 've been correct everytime so far
I suppose LLoyds A/c will have to be cancelled in writing, because of the fee, waived if monthly payment met??
looks likes a new car instead.


Fresh blow to savers as banks slash interest rates: Lloyds, TSB and Halifax unveil plans to cut figure on popular current accounts
UK's high street giants unveiled plans to cut headline rates on accounts
Lloyds said it will cut 4pc top rate on popular Club Lloyds account to 2pc
And TSB said it would reduce interest to 3 pc from the start of next year
By RUTH LYTH


Read more: http://www.dailymail.co.uk/news/article-3833518/Fresh-blow-savers-banks-slash-rates-Lloyds-TSB-Halifax-unveil-plans-cut-figure-popular-current-accounts.html#ixzz4Mqk2kXmI
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hansi

I only switched my current account from Smile to Halifax Current Reward Account in branch yesterday and they didn't mention anything about this?

joe134

hansi wrote: »

I only switched my current account from Smile to Halifax Current Reward Account in branch yesterday and they didn't mention anything about this?

they probably didn't know either.you will still get your switch fee.:)

20aday

In one way it'll benefit me because I'll earn 2% per month instead of 1% like I am at present.

However it's a massive blow for those who get 4% between £4-£5,000.

Tesco Bank still offer up to 3% on balances up to £3,000-I wonder if they'll be next in line?