Top Bank Accounts Discussion Area

bigadaj

polymaff said:

Consumerist said: It might be said, however, that they wouldn't do it if it wasn't worthwhile in some respect or other.

Marketing loses money hand-over-fist in a lot of businesses.  Sometimes their own business - e.g. Hoover and the crazy holiday promotion, sometimes other businesses - e.g. "me, too" Supermarket home delivery, where they all gouge each other.

Marketing also promotes products and so sells more - oblivious of the fact that sales are made at prices below the cost of the delivered items - so more  sales leads to more losses.

The two most dangerous departments in businesses are undoubtedly HR and IT - but Marketing runs a close third. ...

Though you do actually need IT, unlike the other two.

polymaff

You need a Personnel function, too, but both IT and Personnel-!!!!!!-HR - natural empire builders - all too often smother the fundamental objectives of the business.  The business equivalent of Japanese Knotweed.

EDIT: Oh, how naive of me to think that I could post the word Charlie Uniform Mike in 2020. ...

Consumerist

adamp87 said:

Banks are entitled to advertise their services . . .

Yes and, for the first time I can remember, a recent NatWest advert really tickled me. The girl who was really pleased with herself for having retrieved the pound coin from a supermarket trolley. The look on her face was priceless when dad (I presume) asked for it back .

lhsecons

paulyuk6 said:

I'm sure we all appreciate Lloyds Bank's lavish TV advertising campaigns featuring beautiful wild horses, stunning landscapes and carefully selected emotional music.
But here is a little thought for you, Lloyds Bank - How about you dismiss the expensive advertising agency, fire your marketing team and cancel all planned future campaigns. Then use the millions of Pounds you waste on making you feel good about yourselves to pay your savers a DECENT rate of interest?    See, it's not that difficult!!

I resent every penny that Lloyds spends that isn't going into my account and millions like me.

regards

Mrs. Sarah Dolland

Mill Road, Cambridge

I don’t really understand this. Currently all interest rates are very low, as is inflation.  However of the large banks Lloyds seems to have more opportunities for sizeable interest than the others. You can get 1.2% on £5000 in a Club Lloyds account along with a regular saver paying 2.0% on up to £400 a month and another paying 1.5% on £250 a month. Compared to virtually nothing from NatWest or Barclays and a good but small regular saver from HSBC that seems pretty reasonable.

RG2015

polymaff said:

You need a Personnel function, too, but both IT and Personnel-!!!!!!-HR - natural empire builders - all too often smother the fundamental objectives of the business.  The business equivalent of Japanese Knotweed.

EDIT: Oh, how naive of me to think that I could post the word Charlie Uniform Mike in 2020. ...

It seems that Latin is a dead language and is being repurposed. What about Stow !!!!!! Quy just outside Cambridge.

And here I was thinking you had used a profanity to describe ****ing HR!

RG2015

Consumerist said:

adamp87 said:

Banks are entitled to advertise their services . . .

Yes and, for the first time I can remember, a recent NatWest advert really tickled me. The girl who was really pleased with herself for having retrieved the pound coin from a supermarket trolley. The look on her face was priceless when dad (I presume) asked for it back .

Quite. Who would have thought that we might equate NatWest with a happy feeling. These subconscious associations, like the black horses, are the whole point behind this type of advertising. Otherwise they would have find a way to promote their fantastic product.

paulyuk6

lhsecons said:

paulyuk6 said:

I'm sure we all appreciate Lloyds Bank's lavish TV advertising campaigns featuring beautiful wild horses, stunning landscapes and carefully selected emotional music.
But here is a little thought for you, Lloyds Bank - How about you dismiss the expensive advertising agency, fire your marketing team and cancel all planned future campaigns. Then use the millions of Pounds you waste on making you feel good about yourselves to pay your savers a DECENT rate of interest?    See, it's not that difficult!!

I resent every penny that Lloyds spends that isn't going into my account and millions like me.

regards

Mrs. Sarah Dolland

Mill Road, Cambridge

I don’t really understand this. Currently all interest rates are very low, as is inflation.  However of the large banks Lloyds seems to have more opportunities for sizeable interest than the others. You can get 1.2% on £5000 in a Club Lloyds account along with a regular saver paying 2.0% on up to £400 a month and another paying 1.5% on £250 a month. Compared to virtually nothing from NatWest or Barclays and a good but small regular saver from HSBC that seems pretty reasonable.

I think those deals are long gone.   I'm getting something like 0.03% on my various Lloyds accounts.   One by one, Lloyds have gradually reduced any worthwhile deals. Plus their Club Lloyds account is costing me something like £7.50 a month just to use the account.  Which is waaaay less than any interest I earn from it.  So it is actually costing me money just to keep an account open with Lloyds!

colsten

paulyuk6 said:

lhsecons said:

paulyuk6 said:

I'm sure we all appreciate Lloyds Bank's lavish TV advertising campaigns featuring beautiful wild horses, stunning landscapes and carefully selected emotional music.
But here is a little thought for you, Lloyds Bank - How about you dismiss the expensive advertising agency, fire your marketing team and cancel all planned future campaigns. Then use the millions of Pounds you waste on making you feel good about yourselves to pay your savers a DECENT rate of interest?    See, it's not that difficult!!

I resent every penny that Lloyds spends that isn't going into my account and millions like me.

regards

Mrs. Sarah Dolland

Mill Road, Cambridge

I don’t really understand this. Currently all interest rates are very low, as is inflation.  However of the large banks Lloyds seems to have more opportunities for sizeable interest than the others. You can get 1.2% on £5000 in a Club Lloyds account along with a regular saver paying 2.0% on up to £400 a month and another paying 1.5% on £250 a month. Compared to virtually nothing from NatWest or Barclays and a good but small regular saver from HSBC that seems pretty reasonable.

I think those deals are long gone.   I'm getting something like 0.03% on my various Lloyds accounts.   One by one, Lloyds have gradually reduced any worthwhile deals. Plus their Club Lloyds account is costing me something like £7.50 a month just to use the account.  Which is waaaay less than any interest I earn from it.  So it is actually costing me money just to keep an account open with Lloyds!

Those deals are active as of today.

How come the Club Lloyds costs you £7.50 a month? That’s not the monthly charge, and in any case, it can easily be avoided. In addition, there are many current accounts which come without charge, so why are you paying?

bigadaj

paulyuk6 said:

lhsecons said:

paulyuk6 said:

I'm sure we all appreciate Lloyds Bank's lavish TV advertising campaigns featuring beautiful wild horses, stunning landscapes and carefully selected emotional music.
But here is a little thought for you, Lloyds Bank - How about you dismiss the expensive advertising agency, fire your marketing team and cancel all planned future campaigns. Then use the millions of Pounds you waste on making you feel good about yourselves to pay your savers a DECENT rate of interest?    See, it's not that difficult!!

I resent every penny that Lloyds spends that isn't going into my account and millions like me.

regards

Mrs. Sarah Dolland

Mill Road, Cambridge

I don’t really understand this. Currently all interest rates are very low, as is inflation.  However of the large banks Lloyds seems to have more opportunities for sizeable interest than the others. You can get 1.2% on £5000 in a Club Lloyds account along with a regular saver paying 2.0% on up to £400 a month and another paying 1.5% on £250 a month. Compared to virtually nothing from NatWest or Barclays and a good but small regular saver from HSBC that seems pretty reasonable.

I think those deals are long gone.   I'm getting something like 0.03% on my various Lloyds accounts.   One by one, Lloyds have gradually reduced any worthwhile deals. Plus their Club Lloyds account is costing me something like £7.50 a month just to use the account.  Which is waaaay less than any interest I earn from it.  So it is actually costing me money just to keep an account open with Lloyds!

You'e definitely doing sometihng wrong, no reason to pay charges and the interest rates on those accounts are still available.

Consumerist

paulyuk6 said:

. . . Plus their Club Lloyds account is costing me something like £7.50 a month just to use the account.  Which is waaaay less than any interest I earn from it.  So it is actually costing me money just to keep an account open with Lloyds!

I don't really understand that. The monthly charge for a Club Lloyds current account is £3 which is waived if you pay in at least £1.5k per month.

Are you using an overdraft? . . . or is your account one of those added-value accounts?