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Lloyds 'Club Lloyds' current account - Rate reduction from 1st October 2020
Comments
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Yes. Pay in £1500 per month to avoid the fee. Two direct debits to get the interest.ZeroSum said:
Its the 2 DD's for the interest isn't it?happy_hazelnuts said:i assume you still have to pay in £1500 a month to take 'advantage' of the 0.6% ...0 -
Doh i just switched from Tesco to BOS.
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Not great news but it's still 0.6% more than I get on my other bank accounts.
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I wish they'd stop sending the magazines each month, or give you that option, and put that saving towards better interest rates.0
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What magazines do you mean? If you've chosen a magazine subscription as your Club Lloyds benefit, then you can change to a different one after 12 months. You can choose digital movie rental, Gourmet Society membership, or six cinema tickets instead.Sun-Is-Fun said:I wish they'd stop sending the magazines each month, or give you that option, and put that saving towards better interest rates.0 -
EarthBoy said:
What magazines do you mean? If you've chosen a magazine subscription as your Club Lloyds benefit, then you can change to a different one after 12 months. You can choose digital movie rental, Gourmet Society membership, or six cinema tickets instead.Sun-Is-Fun said:I wish they'd stop sending the magazines each month, or give you that option, and put that saving towards better interest rates.
I think it was the "and put that saving towards better interest rates" which was prompting Sun-Is-Fun's post. So movie rentals etc are no different in terms of being some kind of a cost. However earmarking such a saving into interest payments is highly unlikely.0 -
My maths is bad please advise,
Having three Bos vantage accounts with 5k in each would I now be better of moving the cash to my NS&I account paying 1.16% I think?
I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.0 -
Depends exactly what you mean by 'now'!trickydicky14 said:My maths is bad please advise,
Having three Bos vantage accounts with 5k in each would I now be better of moving the cash to my NS&I account paying 1.16% I think?
If 'now' literally means today then no, you're still earning an effective 1.2%, which is obviously better than 1.16%.
If 'now' means October, after the rate changes, then yes, 1.16% beats the revised effective 0.78%.1 -
Thanks eskbanker,
I did not make it clear i was thinking October not now.I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.0 -
With the Santander Lite announcement and this , I'll be a busy bee in October moving stuff around
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