LloydsTSB Fixed rate Isa 6.5%

Newly_retired

My transfer ( from Icesave whilst it was still in existence) did not get completed till mid June last year, although I opened my FRISA with £3600 on 9 April. Will I get the interest on the transfer backdated to 9 April ( the day I requested it in branch) ?
Can't begin to work out how much interest I am expecting on 9 April.

boobbby

Newly_retired wrote: »

My transfer ( from Icesave whilst it was still in existence) did not get completed till mid June last year, although I opened my FRISA with £3600 on 9 April. Will I get the interest on the transfer backdated to 9 April ( the day I requested it in branch) ?
Can't begin to work out how much interest I am expecting on 9 April.

Interest of 6.5% is calculated on a daily basis therefore I would suspect they will pay you 6.5% on the £3600 from April and then 6.5% on the total in your account on the day they received the cheque from your previous provider. Dont forget you was getting interest with your previous provider up until the day they sent the cheque to LLoyds.

Sun

I open account on 7th April 2008 and first transfer received on 28th April, can anyone suggest when will my account matures?

KTF

Should be April 28.

GiraffeMan

This seems a right fiasco, hasn't the media got involved

KTF

Lloyds sent everyone a letter a few months ago saying that the date of maturity was when the first deposit - be it over the counter or a transfer - hit the account.

If in doubt, give them a call.

welshmoneylover

KTF wrote: »

Lloyds sent everyone a letter a few months ago saying that the date of maturity was when the first deposit - be it over the counter or a transfer - hit the account.

If in doubt, give them a call.

Did they? :eek:

Cos I never had one, I opened my FRISA on the 7th April with 3600 then waited *patiently* while they done my transfers in which I think iirc was July.

I checked online today and my interested hasn't gone on so far!

KTF

If you made the first deposit on the 7th then the anniversary date is tomorrow (hence no interest yet).

You will find that the interest will be added either late on the 7th or overnight tomorrow when it is converted from a fixed rate ISA to standard cash ISA.

bloaty

Baldur wrote: »

It will mature on the date given in the letter. The date on which your transferred funds were received - mine matured on 28th March, although it was opened on 5th March.

If you are registered for internet banking, you will see your interest added to the account on the next working day following the date of maturity.

The rates are shown HERE.

Thank you.

bloaty

Hi

Thank you for your kind assistance but in the meantime I wonder if you could help me a little further please?

"I had 2 letters with different maturity dates on. The first received in Jan said my account matures on 11 April 09, the second stated my account would mature on (2 May 09) sorry this should have read 6 June 09 as I got my letter mixed up with my oh's"!

As my account doesn't mature until 6 June 09 should I open a new FRISA for this year with another provider, open a new one with LTSB as it is about the same rate as the best I have found, then when my old one matures put them both together or can I add this years allowance into last year's FRISA and get the higher rate for the remaining period, or is this not allowed?

Sorry to seem so thick but I am quite good at saving the money and the straight forward stuff but fall down a bit when it comes to anything more complicated and OH leaves it all to me - he doesn't even look at his payslip LOL, as long as he has enough money to buy what he wants when he wants and gets is regular holidays away he is happy.

Regards and Happy Easter.

Bloaty

PS. KTF thanks for reminding me I have to request to transfer my money into a new FRISA once it matures but what does the area highlighted below mean please?

"I had the Lloyds 6.5% ISA that matured last week so I called them up to get it moved to the 3% fixed and am now in the process of opening up the FD 7% fixed rate regular saver ISA to pay this years allowance in".