BOS Vantage current a/c: pay in straight away?

xylophone

My 3 have all paid interest, 2 of them receive internal transfers.

I have received interest on all three for September and October and all are internally funded.

Consumerist

Jabba_flabba wrote: »

I've just opened a Vantage account and am wondering whether I should transfer a lump sum straight away or wait until the two direct debits that I've set up take their first amounts? They're due to collect 23 Nov. . .

Have you contacted BoS to see what they say about the credit balance requirement in the opening month?

Jabba_flabba

Consumerist wrote: »

Have you contacted BoS to see what they say about the credit balance requirement in the opening month?

I haven't. All the impressions I get bar yours are that it will be fine and I'll receive the interest

Jabba_flabba

Just to wrap this up, the interest has been paid for my opening month with BoS

Consumerist

Jabba_flabba wrote: »

Just to wrap this up, the interest has been paid for my opening month with BoS

Great news. :j Thanks for the feedback.

Its a shame I waited unnecessarily till the new month before depositing.

where_are_we

Remember that a deposit of between £1000 and £2999 will earn only 2% AER and that you need to deposit between £3000 and £5000 to get 3% AER provided you apply for vantage and stay in credit and pay in at least two different Direct debits from your account each calendar month.I must admit I thought twice about instantly depositing £5000 without receiving the debit card and pin through the post for security concerns although this was unnecessary worrying on my part.

Norscbu

where_are_we wrote: »

Remember that a deposit of between £1000 and £2999 will earn only 2% AER and that you need to deposit between £3000 and £5000 to get 3% AER provided you apply for vantage and stay in credit and pay in at least two different Direct debits from your account each calendar month.I must admit I thought twice about instantly depositing £5000 without receiving the debit card and pin through the post for security concerns although this was unnecessary worrying on my part.

[STRIKE]It's not really worth remembering now as it changes on January 8th to just 2% on any balance of £1 up to 5k.[/STRIKE]


edit: oooops wrong account

Temrael

Norscbu wrote: »

It's not really worth remembering now as it changes on January 8th to just 2% on any balance of £1 up to 5k.

I didn't think that BoS had announced an interest rate drop yet? Are you thinking of another bank?

YorkshireBoy

Norscbu wrote: »

It's not really worth remembering now as it changes on January 8th to just 2% on any balance of £1 up to 5k.

You appear to be confusing BoS Vantage (which this thread is about) with Club Lloyds (which this thread is not about).

will-he-payitoff

It was my own fault, the month it didnt pay interst I had only transfered £900. I had got it in my head the amount was £750.