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bigadaj

cancunia wrote: »

Sorry, am not sure I follow your meaning.

Contact the co OP or halifax and say you want the account switching and you'll get £100 bonus for the transfer.

cancunia

Ah, I think I see now. You mean switch my new Nationwide account to CooP or HFX?
I saw some posts earlier up in this thread about a Lloyds account that's going to be announced this week. I'll wait a few days for that to see what they offer.

socrates

Time to use some of those useless Nat West and RBS Accounts for some switching bonuses!

afmfifgh

Not sure if this is any help to you cancunia but you can still get 3 Lloyds Bank Classic Current Accounts and then add (for free) Vantage - these pay interest of upto 3% on balances of £3,000 - £5,000. So you can get 3% on £15,000.

I suspect when Lloyds launch the new account these accounts will be pulled. So might be worth getting them now if they suit your needs. Then if the new account that is to be launched is better for you you could use these to take advantage some of the switching bonuses offered by other banks.

HTH.

cancunia

Many thanks afmfifgh, I took a look at the Lloyds website this morning and the accounts are still there. I also spoke with them, theyconfirmed the interest and that each account needs £1000 pounds going in each month. So in theory I can use my Nationwide account to fund the Lloyds and vice versa. The lady I spoke to had no info on new accounts. As they can only process 1 application every 24 hours, I may well use the online application as a new customer each time, this was mentioned somewhere up in this thread. Maybe I'll even still go for the Santander account as well.

typistretired

sparkyspark wrote: »

Just spoke to my adviser at Lloyds who said that the new Club Lloyds account will be launched on the 22nd March 2014 and will need a minimum of two direct debits and need to be funded with £1500.00 minimum per month.

No news on the interest rates or the maximum amount you can have in the account which they will pay interest on, he said they will not know that until the last minute before launch.

Today 22nd March 2014 but no sign of this account on their site!

Archi_Bald

sparkyspark wrote: »

Just spoke to my adviser at Lloyds who said that the new Club Lloyds account will be launched on the 22nd March 2014

May be avoid this "adviser" in future since if they can't even get simple things right you could be in deep trouble if you trusted them with your money.

sparkyspark

Archi_Bald wrote: »

May be avoid this "adviser" in future since if they can't even get simple things right you could be in deep trouble if you trusted them with your money.

Everything else I have given you is correct up-to now, the date of the 22nd March was given to me by the advisor who deals with all my finances at the Lloyds, maybe he got it wrong or they have delayed the launch who knows.

Show a little tolerance when info does not work out exactly as you'd wish, it was myself who initially bought the info to the forum about the Club Lloyds being launched and the Lloyds Vantage being withdrawn in this post earlier https://forums.moneysavingexpert.com/discussion/596724

The point of these forums is draw on all the info available from everybody's input as these accounts launch and develop further, your criticism is very unfair based on the one point you outline.

EDIT
OK, just another quick update about the Club Lloyds launch, spoke to a phone bank advisor for new accounts who has confirmed the initial launch of the 22nd was delayed for whatever reason. He suggested I ring back on Monday the 31st March and it may be to my benefit, he has not confirmed but suggested the launch may/will be on this date.

Have rung my local advisor to gather any more info I can and am awaiting his return call today. The bank also confirmed the initial launch should have been around the 22nd March but was put back for reasons not available to them.

But it now looks like the launch is the 31st of March, the same day as the TSB launch in branch their new account. But don't hold me to this !!!!

Branch advisor has rung back and confirmed 31st March is the launch date, interest rate and limits will be made known to branches a day or two before the launch, but it will be one single and one joint account only.

oldspender

How can I choose between cash or S&S ISA. I have some money in both and am at the time of life when there is no more going in, but it is regularly coming out. I do not have a lot of money but intend to enjoy my retirement and am not sure which source I should use to fund this. Any advise would be helpfully.

G_M

oldspender wrote: »

How can I choose between cash or S&S ISA. I have some money in both and am at the time of life when there is no more going in, but it is regularly coming out. I do not have a lot of money but intend to enjoy my retirement and am not sure which source I should use to fund this. Any advise would be helpfully.

A S&S ISA is like any investment in the stock market - longer term and subject to fluctuations. The value can rise faster/higher than a bank savings account (Cash ISA), but can also fall (eg if war breaks out in E Europe....).

Over the long term, though, (5 years +?) S&S usually do better than cash.

so ask yourself what time-frame you are looking at? And how much security you need?