LloydsTSB Fixed rate Isa 6.5%

derrick

Iconic wrote: »

You are saying 'should show at maturity' which only makes me think they could forget!

Sorry, I still don't understand why they can't show the date of cheque as the date of deposit!!

I agree, but this forum will not solve that point.

munk

Apologies for not reading 20 or so pages of this thread, I did read the first 10 some time back but not kept up.

Above people are sayinig that they'll backdate interest, I'm wondering if this is what's happened with my ISA transfer:

Transferred an ISA in and on the letter confirming the transfer it says £3510 will be paid - but the amount when I check online is only £3500 or so - is this letter referring to the total including backdated interest?

Thanks.

malc1603

Hi - I opened the 1 year fixed Lloyds ISA back in March (ie in the last tax year) by transferring my Kent Reliance one but not adding to the balance. I was then going to open a new ISA for this tax year. Unbelievably though the transfer hasn't taken place yet (the Kent Reliance have only just received the transfer request form!). What i'm wondering now is, as the transfer will take place in this tax year, will I be able to use this years allowance by either adding to the bond or opening a new ISA or will I lose this years allowance?

whu

you can add this years allowance to this ISA or open a new ISA - you will not lose it

HardSpend

1. Opened account on 31st March including 3k cash and 3k transfer from Halifax.
Told to just put 3k into Halifax and they would set up transfer for the lot. Put 3k into Halifax that day and signed transfer note (in Lloyds branch).
2. £3.6k put into Lloyds account around mid April, i.e. full 08/09 allowance.
3. Phoned every week to find out what was going on, continuously told I would get a call back from branch, never did.
4. Wrote a letter of complaint around end of May, asked for backdated interest to start of May when my transfer finally goes through (i.e. 4 weeks after initial transfer which I thought was reasonable).
5. Wrote second letter of complaint a week later which I posted in morning on way to work, got back from work that night and received letter saying interest would be backdated to start of May and got £50 cheque compensation.
6. Still waiting on transfer.....

p1an0player

I opened the account while the rate was 6.5%.
The £15k transferred funds have now arrived in the account.

If I add my 08/09 allowance, will I get 6.5% or 5% on that portion?

feel free to tell me to "read the thread" but specify the post in this case

gelato_cat

Well, someone has to read the thread to find the info and it might as well be you

Suze

p1an0player wrote: »

feel free to tell me to "read the thread" but specify the post in this case

derrick

p1an0player wrote: »

I opened the account while the rate was 6.5%.
The £15k transferred funds have now arrived in the account.

If I add my 08/09 allowance, will I get 6.5% or 5% on that portion?

feel free to tell me to "read the thread" but specify the post in this case

If you did open before the 6.5% was pulled on 11th April, then any deposits will earn 6.5% until the end of the FR which will be 12 months after opening.

div_ad

Hi Derrick you seem very confident in your reply, however....

My same old same old story.

Filled in paperwork to transfer ISA from Nationwide a couple of weeks before the April deadline (congratulating myself on not leaving it until April). I enclosed a letter saying that I was doing so at 6.5% and to contact me if it wasn't going through at that rate.

Letter from Nationwide saying cheque sent 9 May (too long)
Money hits my Lloyds account 16 June

I ask Will I get interest from 9 May? What rate of interest am I getting.

I have been told I am getting 5% and that interest will be credited from 16 June.

I am awaiting a call back and will complain long and hard, but unless you work at Lloyds and can give me some good phone numbers and addresses I expect to be lead a merry dance (at national rate call charges).

I have no document that tells me what the interest rate is, and I can't find anything on the website which refers to 6.5 ever having been offered.

sloughflint

Div_ad, did you apply in branch? In which case your application would be dated and if before the important date (????????), you would get 6.5% as soon as funds greater than £9k.
LTSB will backdate to date of cheque.