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Club Lloyds & BoS Vantage Interest Rates Dropping

Both are dropping from 1st October 2019.

Club Lloyds:
Please note: From the 1st October 2019, we will be changing the interest you can earn on Club Lloyds Accounts. The current interest rate of 1.5% AER/1.49% annual gross variable, payable on balances from £1 up to £5,000, will change to:

1% AER / 0.99% annual gross variable on balances from £1 up to and including £3,999.99 and will increase to

2% AER / 1.98% annual gross variable on the part of any balance from £4,000 to £5,000


Bos Vantage:
Please note: From the 1st October 2019, we will be changing the interest you can earn on accounts with Vantage. The current interest rate of 1.5% AER/1.49% annual gross variable, payable on balances from £1 up to £5,000, will reduce to:

1% AER / 0.99% annual gross variable on balances from £1 up to and including £3,999.99 and will increase to

2% AER / 1.98% annual gross variable on the part of any balance from £4,000 to £5,000
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Comments

  • Sea_Shell
    Sea_Shell Posts: 9,871 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    ....another one bites the dust.:(
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.56% of current retirement "pot" (as at end January 2025)
  • Terry_Towelling
    Terry_Towelling Posts: 2,279 Forumite
    1,000 Posts Second Anniversary Name Dropper
    May be worth keeping the account with a small balance for the linked RS accounts (if they continue).
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    May be worth keeping the account with a small balance for the linked RS accounts (if they continue).
    The rates or those will be next on the list?
  • El_Torro
    El_Torro Posts: 1,714 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    So if you manage to maintain a balance of £5k you're effectively getting 1.2% interest, still pretty dire.

    Looks like it's finally time for me to get rid of my two BOS accounts and just put the money in a savings account earning 1.5%. I don't have to worry about standing orders and direct debits there either.

    Or I could just bung even more into Premium Bonds. With average luck I should do slightly better than 1.2%.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Anybody think it a fair bet to buy the shares for the dividend yield - instead of the interest?
  • 18cc
    18cc Posts: 2,120 Forumite
    Are they still keeping the magazines etc
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    18cc wrote: »
    Are they still keeping the magazines etc
    Looks like it, and the Vue cinema benefits are being improved. Full statement on their website.
  • Ashen
    Ashen Posts: 593 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 29 June 2019 at 7:06AM
    I think it's pretty poor form for them to be giving the top interest rate only to the people with a consistent £4000+ balance.
    Looks like it, and the Vue cinema benefits are being improved. Full statement on their website.
    I received an email about that today - it said about me not having used all my vouchers yet, so not sure if people who have used them will get it only when they get their next set of vouchers.
  • bristolleedsfan
    bristolleedsfan Posts: 12,418 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Those with 4000 -5000 balances will be delighted by the 0.5% increase :j
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