Club Lloyds & BoS Vantage Interest Rates Dropping

stphnstevey

jonesMUFCforever wrote: »

Anybody think it a fair bet to buy the shares for the dividend yield - instead of the interest?

What is the yied?

Dividend allowance Vs savings allowance

jonesMUFCforever

stphnstevey wrote: »

What is the yied?

Dividend allowance Vs savings allowance

At the moment the share price is around 58p with a dividend this year of about 4p.-- so about 4% with an upside that you can also make a capital gain (but also that you can lose capital)--plus you need to factor in dealing costs.
Just a thought.

ffacoffipawb

jonesMUFCforever wrote: »

At the moment the share price is around 58p with a dividend this year of about 4p.-- so about 4% with an upside that you can also make a capital gain (but also that you can lose capital)--plus you need to factor in dealing costs.
Just a thought.

That yield is nearer 7%.

veryintrigued

Although not good news thanks for the update.

Appreciated.

gingercordial

Ashen wrote: »

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.


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.

It applies to existing vouchers - I know this as I was rushing to use up my last set (issued July 2018) a fortnight ago before they expired last week When booking via the app I was offered an upgrade to VIP for no cost, which I thought might be a glitch but I took it and it went through fine. My husband then went in person to use the last one a couple of days later and he fancied a VIP seat, fully expecting to pay a supplement, and he and the cashier were both surprised that it rang through as no cost.

The only problem might be that it says on the small print on the existing vouchers that it needs a supplement to upgrade so if a cashier reads that and refuses to try on the till it might be an issue, but if you do it online/via the app it'll go through fine.

badger09

IanManc wrote: »

Your understanding is wrong.

You get 1% on the first £3999.99, then 2% on the bit from £4k to £5k.

So if you have £5k in the account is an effective rate of 1.2% on the lot.

Indeed

adindas wrote: »

I could not understand how come the above statement work ??
From Lloyds Statement:

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

So my understanding, if you maintain a balance of 4-5k you will get 2% for the whole balance. So for some people who could maintain a balance of £4-5K it will be an improvement from 1.5 % to 2%. How come it becomes 1.2 % ??

Or it is because if you have 5k
1-4k will earn 1% and 4-5k will earn 2% so effectively it is the same with 1.2% on 5K altogether ????? But this one seems strange way of doing thing. What I have been missing here ??

My bold - that's the the part you're misunderstanding. Your final paragraph is correct

ColdIron

• 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

https://www.lloydsbank.com/current-accounts/all-accounts/club-lloyds.asp

So maximum rate of 1.2% on a balance of £5,000, less if you have less

ffacoffipawb

ColdIron wrote: »

• 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

https://www.lloydsbank.com/current-accounts/all-accounts/club-lloyds.asp

So maximum rate of 1.2% on a balance of £5,000, less if you have less

Only keeping mine for the cinema vouchers.

quirkydeptless

ColdIron wrote: »

https://www.lloydsbank.com/current-accounts/all-accounts/club-lloyds.asp

:undecided

"Club Lloyds
An account with a great rate of credit interest,"

:huh:

surreysaver

At this rate, it'll be worth upgrading my Santander 123 Lite to a full 123 again...