How many Club Lloyds Accounts

WillPS

Bridlington1 said:

etienneg said:

Why would anyone want more now? When the account paid interest at a better rate than savings accounts (on up to £5,000) I could understand some people wanting more accounts, so as to earn interest on a larger sum. But those days have long gone, hence my question.

You get a £50 0% overdraft with each account, which generates about 21p/mth if you plonk the lot in the Barclays rainy day saver (assuming no tax is taken off).

Love it. Probably not worth the credit record hit from being perceived to be a long term overdraft user.

Bridlington1

WillPS said:

Bridlington1 said:

etienneg said:

Why would anyone want more now? When the account paid interest at a better rate than savings accounts (on up to £5,000) I could understand some people wanting more accounts, so as to earn interest on a larger sum. But those days have long gone, hence my question.

You get a £50 0% overdraft with each account, which generates about 21p/mth if you plonk the lot in the Barclays rainy day saver (assuming no tax is taken off).

Love it. Probably not worth the credit record hit from being perceived to be a long term overdraft user.

I've already maxed my £50 overdraft out. I would argue it's a drop in the ocean compared to my £2.5k Nationwide 0% overdraft, which has also been maxed out. The satisfying thing for me is that coincidentally I currently have exactly £2.5k in savings with Nationwide spread out across 2 regular savers.

surreysaver

WillPS said:

Bridlington1 said:

etienneg said:

Why would anyone want more now? When the account paid interest at a better rate than savings accounts (on up to £5,000) I could understand some people wanting more accounts, so as to earn interest on a larger sum. But those days have long gone, hence my question.

You get a £50 0% overdraft with each account, which generates about 21p/mth if you plonk the lot in the Barclays rainy day saver (assuming no tax is taken off).

Love it. Probably not worth the credit record hit from being perceived to be a long term overdraft user.

I've been using my £25 0% overdraft with HSBC for ages without issue (recently increased to £500)