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Club Lloyds & BoS Vantage Interest Rates Dropping

Willing2Learn
Posts: 6,294 Forumite


Both are dropping from 1st October 2019.
Club Lloyds:
Bos Vantage:
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
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....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)0
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May be worth keeping the account with a small balance for the linked RS accounts (if they continue).0
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Terry_Towelling wrote: »May be worth keeping the account with a small balance for the linked RS accounts (if they continue).0
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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%.0 -
Anybody think it a fair bet to buy the shares for the dividend yield - instead of the interest?0
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Are they still keeping the magazines etc0
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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.YorkshireBoy wrote: »Looks like it, and the Vue cinema benefits are being improved. Full statement on their website.0
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Those with 4000 -5000 balances will be delighted by the 0.5% increase :j0
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