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llyods/tsb 8% saver
kanchhelskis
Posts: 425 Forumite
dear people, i got 108 pounds intrest after the first year if i carry paying in 250 pounds every month for the next year.how much will i get next year? thanks in advance.
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Comments
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Impossible to say (with any degree of accuracy) without further information.
For example, what was your year two opening balance?0 -
thaks my balance is 3,100 pounds.0
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I think you'll get more if you move it into an ICICI bank fixed term saver now - check it out B4 committing to another year.0
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Remember you will need to close lloyds and open a NEW monthly saver. The 8% rate now only lasts for ONE year. The second year it will drop straight away to 3.15%.0
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Not quite so. It will depend on whether the OP has the 2 year or 1 year version.
OP, when did you open your regular saver ?0 -
phoebe03cat wrote: »Remember you will need to close lloyds and open a NEW monthly saver. The 8% rate now only lasts for ONE year. The second year it will drop straight away to 3.15%.
But some of us are two years term!0 -
phoebe03cat wrote: »Remember you will need to close lloyds and open a NEW monthly saver. The 8% rate now only lasts for ONE year. The second year it will drop straight away to 3.15%.
Now THAT's the reason I closed the (2) lloyds TSB savers and moved it to ICICI - what a nightmare that was too! The days of my Grandad being the manager of the local branch are, unfortunately, no more!0 -
About 8% of £3100 (£248) plus 8% of about £1625* (£130) - that's about £378 grosskanchhelskis wrote: »dear people, i got 108 pounds intrest after the first year if i carry paying in 250 pounds every month for the next year.how much will i get next year? thanks in advance.
*this is the average balance from £250 per month times 12 (equally spaced) further payments.....under construction.... COVID is a [discontinued] scam0
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