LloydsTSB Fixed rate Isa 6.5%

sloughflint

whu wrote: »

update - received letter which says that the 12 months at 6.5% will start when all of the money has been received from old provider

Wey hey.... same as my letter. So that's at least two people.
Fingers crossed!!!!!!!!!!

Coming back to this....
I now hope that those people ( many pages back-can't remember who) who received letters stating that the 12 months starts from account application will go back and pursue until they get letters along these lines to keep preciously on file.

sloughflint

carpy wrote: »

sorry what i really meant was will the 12 month period start when all transfers have been completed?

lol, that would be a new twist,wouldn't it?
If I recall, the T&Cs said from deposit so I reckon they'll have a better case to say no to this and just go from the date of first transfer received.

Judging by the length of this thread ( is it a record?), LTSB will be very busy writing to all the individuals who have either contributed or read this thread.

ric2003

lloyds not even bothering to answer the phone now.

Has anyone managed to establish what happens to the 12 month period if it takes 2 months from opening the account to the first transfer completed?

I made this years £3600 deposit on 7th april, one month after I first applied, which I thought would have been plenty of time for the transfers. So my 3600 has been sitting there collecting a poor rate of interest for one month now, and no sign of the two transfers yet. Lloyds T&C say the 12 months start from first deposit. So I have lost one month already of the 12 months due to their incompetence.

To me this sounds like misleading advertising - 12 month product that in reality will only be 10.5-11 months. I'm sure there are regulations about that, has anyone taken this up with Lloyds? I would do but no one answers the phone anymore.

unclebear

sloughflint wrote: »

Coming back to this....
I now hope that those people ( many pages back-can't remember who) who received letters stating that the 12 months starts from account application will go back and pursue until they get letters along these lines to keep preciously on file.

I will be off to Lloyds in the morning seeking to have an isa opened with a transfer of 9k plus, at 6.5%. (60 day notice from other provider now over)

They cancelled my original app' after finally confirming that the 12 month period started on APPLICATION DATE. Then told me to come in again before 31st May! Of course, offer is now over.....should be interesting if what others are saying is fact.:T

RAFAZUM

SalsaDanca wrote: »

I've just phoned Lloyds TSB to apply for the fixed rate ISA. During the application I was asked for more personal information than I would expect to give when applying for a credit card or opening a new current account. In addition to the information that they needed to open the account and transfer the balance from my existing ISA, they wanted to know:

• My job title, my employer's address, and how long I had worked there
• My take-home pay, and if I am paid weekly or monthly
• Whether my house is owned or rented, and my monthly mortgage payment
• Who provides my home & contents insurance, when it's due for renewal, and did I want to get a quote from Lloyds TSB

They also warned me that they would do a credit search as part of the application process. You can only apply for this account by phone if you already have a Lloyds TSB current account, so they should have most of this information already. It is hard to believe that Lloyds TSB could increase the amount of junk mail that they send me, but it looks like they're going to give it their best shot.

I work for LTSB. The employers address and take-home pay has NOTHING to do with the account. Its called KYC. Know your customer and its to make sure all of your info is up to date on the system. The last two sound like the advisor was trying to pitch a home insurance ontop of that (they're targeted on sales for stuff like that too) Also not necessary.


Anyway hope that helps =]

glossgal

My local Lloyds have phoned me today to apologise for the fact they haven't bothered to contact my existing provider (girl was very grovelly, didn't have the heart to confirm if she had cocked it all up as I suspected, my mercy may swiftly evaporate if it still goes pear shaped now though).

Anyways she said they are revising their interest policy re; transfer delays and commititng to backdate interest to date of account opening? Mind you that doesn't sound very practical does it?

DaveTheHedgehog

Opened 16th March
Transfer Forms and Cheque sent from Old Provider on April 3rd

Still no sign of money.
Spoke with Local branch who said I could get my old provider to cancel the cheque and transfer by BACS.

I did this and then LLoyds returned the money to my old Provider. I also paid £25 for the transfer to!

Now the Stop on the cheque has been reversed so fingers crossed and still waiting.
The branch can only speak with the ISA center via EMail and they don't get any response.

Fingers crossed that my money gets transferred by the end of may.

boobbby

DaveTheHedgehog wrote: »

Opened 16th March
Transfer Forms and Cheque sent from Old Provider on April 3rd

Still no sign of money.
Spoke with Local branch who said I could get my old provider to cancel the cheque and transfer by BACS.

I did this and then LLoyds returned the money to my old Provider. I also paid £25 for the transfer to!

Now the Stop on the cheque has been reversed so fingers crossed and still waiting.
The branch can only speak with the ISA center via EMail and they don't get any response.

Fingers crossed that my money gets transferred by the end of may.

Money was sent by cheque from old provider on 3rd April. It is now the 9th May. You must have the patience of a saint !!

Why did you need to pay £25 for the transfer?

I think the word "cockup" comes to mind!!

sheslookinhot

I opened a FRISA on 4-April, transferred £13K from Intelligent Finance and put in another £3.6K on 8-April. I received a letter about the 18th confirming details of account from Lloyds TSB.

My IF Isa account was closed on 28th April.

I called tonight. The girl was most helpful she reckoned that it would take another 2 weeks to have the transfer shown in my account.

She confirmed interest would be backdated to the day they received the transfer.

The money aint going anywhere, so it doesn't really matter how long it takes.

News from IF today of a cut in rate from 5.35% to 5.1%. So a good move.

central

Just as an update, this was my post on 21st March after applying
http://forums.moneysavingexpert.com/showthread.html?p=9523823#post9523823
Received a letter dated 31st March confirming they had written to my old providers, and ................nothing.
I did contact them a week or so ago, got put through to branch who said they will investigate, and that they were now working to 35 working days (i.e. 7 weeks).
I am a very patient person, but this is testing even me.
Am I currently holding the record for time taken, or are others waiting even longer?