Lloyds easy saver.

Can l directly fund other providers Regular Savers  from said accounts?

Comments

  • soulsaver said:
    No.............
    Thanks...........
  • Barkin
    Barkin Posts: 746 Forumite
    500 Posts Second Anniversary Name Dropper
    I've not tried the whole process to completion, but it appears - in my mobile app - to have the same facility to set up new payments, specify the date, make a standing order etc as my Lloyds current account. 
  • Barkin said:
    I've not tried the whole process to completion, but it appears - in my mobile app - to have the same facility to set up new payments, specify the date, make a standing order etc as my Lloyds current account. 
    That's what l thought but l can't try it until next month now already paid full amounts.
    Thank you for replying.
  • soulsaver said:
    No.............
    When LBG gave me a lifetime ban I was able to set up a payee and make a faster payment directly from a Club Lloyds account to another current account with a different bank IIRC, and another one once I'd converted it to an Easy Saver to unlock the interest.
    That's good to know hopefully  the classic account  will be like the club lloyds. 
    Thanks for replying. 
  • soulsaver
    soulsaver Posts: 6,523 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 7 October 2024 at 10:00AM
    soulsaver said:
    No.............
    When LBG gave me a lifetime ban I was able to set up a payee and make a faster payment directly from a Club Lloyds account to another current account with a different bank IIRC, and another one once I'd converted it to an Easy Saver to unlock the interest.

    This is what their key features says:

    "Bear in mind, you'll need another Lloyds Bank account if you want to transfer money out of the account online."

    Note I'm not disputing what you say - just explaining why I said 'No'.                                                                                                                                                               
  • Barkin
    Barkin Posts: 746 Forumite
    500 Posts Second Anniversary Name Dropper
    edited 31 October 2024 at 1:46PM
    Barkin said:
    I've not tried the whole process to completion, but it appears - in my mobile app - to have the same facility to set up new payments, specify the date, make a standing order etc as my Lloyds current account. 
    That's what l thought but l can't try it until next month now already paid full amounts.
    I can't try it "for real" either, because - at 1.4% - I don't actually have any money in my Easy Saver account...! 
  • Bridlington1
    Bridlington1 Posts: 3,533 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 7 October 2024 at 12:18AM
    soulsaver said:
    soulsaver said:
    No.............
    When LBG gave me a lifetime ban I was able to set up a payee and make a faster payment directly from a Club Lloyds account to another current account with a different bank IIRC, and another one once I'd converted it to an Easy Saver to unlock the interest.

    This is what their key features says:

    "Bear in mind, you'll need another Lloyds Bank account if you want to transfer money out of the account online."

    Note I'm disputing what you say - just explaining why I said 'No'.
    Apologies then, in that case probably best to only transfer money via another Lloyds account given the terms mandate it. 
  • soulsaver
    soulsaver Posts: 6,523 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    soulsaver said:
    soulsaver said:
    No.............
    When LBG gave me a lifetime ban I was able to set up a payee and make a faster payment directly from a Club Lloyds account to another current account with a different bank IIRC, and another one once I'd converted it to an Easy Saver to unlock the interest.

    This is what their key features says:

    "Bear in mind, you'll need another Lloyds Bank account if you want to transfer money out of the account online."

    Note I'm disputing what you say - just explaining why I said 'No'.
    Apologies then, in that case probably best to only transfer money via another Lloyds account given the terms mandate it. 
    I think you've guessed I missed a 'not' out... OP edited.lol
  • sv511
    sv511 Posts: 25 Forumite
    10 Posts
    edited 7 October 2024 at 10:36AM
    A Lloyds Standard Saver might work.   I've moved money directly from  a standard saver to a building socieity.   However, I've got a Lloyds current account too which might be why it works. 

    Many Lloyds term accounts, like a regular saver, change into a Standard Saver the end of term.   Once you've got a standard saver it will stay open on a £1 balance. 

     I can't think of a good reason to use a Standard Saver to fund a regular saver elsewhere.  The interest rate is very low.

    What might make sense is opening a 6% Club Lloyds regular saver.  At the end of the term, it becomes a Standard Saver and you then send the money elsewhere. 
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