Club Lloyds Interest Rate 7.18% :)

sparky0138

My latest Club Lloyds statement (dated 17th September) says the interest rate on my account is now 7.18% for balances over £1 and 3.9% between £4000 and £5000. I'll look forward to that then.

Anyone else's say the same? I wonder if we could hold them to it.

colsten

oooooh yes, I'd have some of that, too! :rotfl:

My latest statement is dated July, and did have correct AERs. I don't know when my next statement is due - I don't normally take any notice of them as I monitor the transactions far more frequently than the statement does. May be I should be paying more attention :cool:

Lomcevak

I hadn't noticed, but mine says the same thing. August is correct, but September (dated 20th September for me) has the same 7.18% AER for £1+

Ben8282

All very strange especially as the £4k - £5k tier will not be introduced until 1st October.
My statements correctly show just the £1+ and £5000+ tiers and show the correct rates.
My statements are monthly. Online pdf format.

Willing2Learn

Paper statements over here. My interest rates are all correct

polymaff

Lucky sods! Just the expected interest here...:(

PRAISETHESUN

I'm getting this on my Classic account too apparently :rotfl:

Ben8282

Have just seen my latest Club Lloyds statement and the interest rate information is misleading and wrong.

Balances of £1+ AER 0.99% Gross pa % 0.99% (Small difference but thought it should be 1%)
Balances of £4000+ AER 2.00% Gross pa % 1.98%
Balances of £5000+ AER 0.00% Gross pa % 0.00%

This was just how the rates were shown in the days when interest was paid on the entire balance (up to £5000) at the higher rate depending on the balance. There is nothing here to indicate that the higher rate will only apply to the part of the balance between £4000 and £5000 as we know to be the case.

Hurri

Got exactly the same on my BOS Vantage strangely

Ed-1

What was interest like on these erroneous accounts this month?

sparky0138

Ed-1 wrote: »

What was interest like on these erroneous accounts this month?

Mine looked pretty normal.