LloydsTSB Fixed rate Isa 6.5%

zzzLazyDaisy

Well, I for one, can say that LTSB have done me a favour - however unintended!

I had four little ISA's sitting around, all earning less than 6.5%. Each year I've gone for the best paying ISA at the time, but have failed to move the earlier ones to a better paying one, despite my best intentions (not very MSE, I know!). So at least my ISAs are all in one place - or will be once the last one goes in. Fortunately for me the first to go in contained two years' money so with this year's money I got to the magic £9k fairly quickly.

The main thing for me is that they are now all in one place, so next year I can move the lot in one go - unless of course LTSB bring out another decent offering to keep me on board.

sloughflint

Baldur wrote: »

This point has been discussed ad infinitum on this thread, if you care to read back several pages.

To be fair, who'd want to read back through all these pages. This has to be a record for length.

sloughflint

LankyMoneySaver wrote: »

I also asked if the 12 months fixed at 6.5% goes from the account opening date or the date of the first deposit. I opened this account with 0 balance and just a transfer in and I thought the T&Cs said something along the lines that '12 months from the account opening which would be taken as the day of first deposit'. She said this was not the case and it was the day I opened it (10th March) but I didn’t have them to hand to dispute this when I was on the phone.

Can anyone else confirm or deny this and point me in the direction of them?

I'm afraid nobody can confirm or deny.
We are getting told/ written confirmatiuon of different things.
I fall in the camp of 'from first deposit' with a letter stating this.
Others have got different versions.
Derrick's is an interesting one.

phill79

sloughflint wrote: »

To be fair, who'd want to read back through all these pages. This has to be a record for length.

'fraid not. Here is one at 1823 pages!!:eek:

http://forums.moneysavingexpert.com/showthread.html?t=763963&page=1823

6022tivo

Had another letter today, appologising for the delay, and that everything is in hand.. Confirmed interest will be backdated to the cheque date.

derrick

Have just logged on line and my 2nd transfer from NS&I has finally,today, hit my account, so I am now awaiting my letter from them addressing my complaints and concerns re the interest and start/end date of the account.

mr_fishbulb

I got a letter yesterday saying they had requested my ISA be transferred from my old provider.

Funny that, because I got a letter from my old provider last week saying they had closed the account and sent the funds.

bluediamond31

Opened Fixed Rate ISA with Llloyds TSB 25th Feb. Checked a couple of weeks later. Lloyds TSB said they had lost tranfer forms, submitted new forms to Branch. On 16 th May Britannia Building Society informed me they have transferred my ISAS to Llloyds TSB. Checked online today funds still not in my account. Lost count of times I have phoned Lloyds TSB, they say they will compensate lost interest but there is a backlog of up to 30 days. At moment I have no funds with Britannia and my Lloyds TSB account is showing a nil balance This is the worst sevice I have ever come across, wish I had never opened this account. Beware

whu

welcome to the site - sorry to hear your troubles - i have had similar issues with Lloyds but wont bore you with the details - would just say that it can take about 2 weeks or so for the money to show up in your Lloyds account after it has left your previous provider

sloughflint

bluediamond31 wrote: »

Opened Fixed Rate ISA with Llloyds TSB 25th Feb. Checked a couple of weeks later. Lloyds TSB said they had lost tranfer forms, submitted new forms to Branch. On 16 th May Britannia Building Society informed me they have transferred my ISAS to Llloyds TSB. Checked online today funds still not in my account. Lost count of times I have phoned Lloyds TSB, they say they will compensate lost interest but there is a backlog of up to 30 days. At moment I have no funds with Britannia and my Lloyds TSB account is showing a nil balance This is the worst sevice I have ever come across, wish I had never opened this account. Beware

Despite all the conflicting rubbish coming out of LTSB, I think we can be relatively confident that interest WILL be backdated to date of your Britannia cheque.
What you will need to push for is the compensation for loss of interest from 25/2 to now assuming Britannia was paying you less than 6.5%;)