LloydsTSB Fixed rate Isa 6.5%

jem16

HardSpend wrote: »

Found the account number it is not on any of the paperwork but is on a little savings book thingy that I was given when I took the ISA out originally.

Sortcode - same for ISA as my Halifax current account

Quite possible if it's a branch based ISA.

Account number - ISA and current account different?

All accounts have a different number from each other.

boobbby

All I did when I transfered my Halifax ISA to LTSB was was to print off a copy from my ISA Halifax statement. It has my ISA roll (ref No.) of the existing ISA, sort code, and account number. Noted down my NI number. Then into the Lloyds bank to to get the ISA expert!! to copy the details onto a bit of paper so she could later put the details into the computer without asking a load of silly questions. This took about 4 minutes. I later returned to sign the official forms which took a further 2 minutes. Checked next day on the computer to find I had a new ISA account with Nil amount at Lloyds. 30 days later the transfer from the Halifax was in my new ISA account.:T

HardSpend

Cool, I'll be knocking on their door at 9am tomorrow so I'll be able to leave by half past then?:) Thanks

kp127

Im sorry, this is my first post, i just wanted some advice regarding transferring my isa.. i have just over £2k from this years ISA, and have realised that i am getting a pathetic rate of 3%.. I wish to move my ISA, from the new tax year commencing, i have seen 3 that seem to be very good, im just not sure which one to choose from, i have seen the Alliance and Leicester 6.25% and the Abbey 6.25% and the Icesave Isa.. im after the best rate for my money, if anyone has any of these accounts, comments would be appreciated, im not sure which one to go for.. Is the Icesave the better, with it guaranting to beat the base interest rate, im not very good with finances.
I also will be getting a large chunk of cash shortly and will definately fill the isa with £3,600 within the next 3 months. Can anyone also recommend any good saving accounts (i don't mind fixed term accounts aswell - 1 year - preferably) and will probably have 1k as an opening balance for the new account.

Any help would be much appreicated.

boobbby

kp127 wrote: »

Im sorry, this is my first post, i just wanted some advice regarding transferring my isa.. i have just over £2k from this years ISA, and have realised that i am getting a pathetic rate of 3%.. I wish to move my ISA, from the new tax year commencing, i have seen 3 that seem to be very good, im just not sure which one to choose from, i have seen the Alliance and Leicester 6.25% and the Abbey 6.25% and the Icesave Isa.. im after the best rate for my money, if anyone has any of these accounts, comments would be appreciated, im not sure which one to go for.. Is the Icesave the better, with it guaranting to beat the base interest rate, im not very good with finances.
I also will be getting a large chunk of cash shortly and will definately fill the isa with £3,600 within the next 3 months. Can anyone also recommend any good saving accounts (i don't mind fixed term accounts aswell - 1 year - preferably) and will probably have 1k as an opening balance for the new account.



Any help would be much appreicated.

It is best to stick to one thread when asking a question rather than copying it to other threads.

Barclay's give 6.5% for smaller amounts using next years allowance although wont be able to transfer into this fund. You can still transfer previous years ISA's into other new providers.

roddydogs

Just to clarify-i emailed on the basis of some people getting interest, and some not here is my answer-Consequently, there will always be a loss of some interest on transfer to a customer which is made clear in our literature. We can not predict how long it will take for IF and Abbey to make the transfers to us and you will lose interest on the period between withdrawing the money from your two providers and it reaching LTSB, which we are not prepared to compensate for as this is conditions of transfer. However, in your case we have agreed to partially credit you by giving you the difference in rates, as calculated above, for the whole 30 day period .

There is a great deal of difference bewtween getting full backdating, and just the "difference" bewtween the old rate and new rate. this is my reply,dont know why its in blue

bristolleedsfan

roddydogs wrote: »

. However, in your case we have agreed to partially credit you by giving you the difference in rates, as calculated above, for the whole 30 day period .

There is a great deal of difference bewtween getting full backdating, and just the "difference" bewtween the old rate and new rate. this is my reply,dont know why its in blue

So are they saying that they will pay you the 6.5% rate ( less your existing ISA rate) on what you are transferring in during the transfer in process.

If thats the case then id have thought that was good, one of the reasons why I didnt go for the Lloyds 9000.00 + fix was cos of my ISAs being spread about and ending up with a lower rate for some of the transfer in periods. ( until 9000 was actually in Lloyds account)

If i post something to u or u to me the posting would most likely arrive next day, their is no reason why a financial providers posting to each other cant also arrive next day.

You will be in the same boat in 12 Months time, either u all make a transfer out decision around a month before the fixed rate is due to end or u will be on a lower Lloyds rate during the transfer out process + will have to hope that a high paying ISA at that time backdates interest during the transit of the cheque period.

If u make a transfer out decision a Month or so before the fixed rate is due to end then in all probability a higher paying account will get released after you made your decision.

Thats basically the disadvantage of chasing the best rates every 12 Months which is why a lot of people are transferring to Icesave as over a period of time a lot of people believe that Icesave ISA rates will remain high.

Icesave dont backdate interest during the cheque transit period , when people decide where to transfer to they should make enquiries re backdating of interest with the providers concerned so that they can then make an informed choice.

Saying that others have posted stating that their interest was automatically backdated so Lloyds should treat everyone the same. If Lloyds are paying the difference between the 6.5% rate and existing provider rate during the transfer in process and not backdating interest while the cheque is in transit then people cant expect Lloyds to do both. IMO. After all other people are transferring from lower rates to higher rates elsewhere and ending up with the lower rate during the transfer process.

HardSpend

I went into Lloyds today to transfer existing money from Halifax and put in new money for 07/08 allowance.

Monday mornings end of month are busy! Waited in queue for 10 mins (only 2 staff in entire branch visible) finally got 'served', told them i wanted to open an ISA, handed over drivers license and was told to wait. That's when i seen the rest of the staff in some tiny meeting room. Waited another 15 mins then got up to go and ask for my driving license back because I was in a rush but I think they seen me in the meeting room and some guy came rushing out to sort out my details. The actual process took about 5-10mins no more.

Needed: account number + sort code of ISA, driving license or passport, NI number, address of my existing bank, name of employer, approx start date, home address and how long i've lived there

was told to transfer £3k to existing Halifax ISA and then Lloyds would transfer the lot into their own account..... signed two forms and got the process rolling in the mean time

Comfortably_Numb

I got my confirmation letter the other day to say it had all gone through, and the person at the bank I dealt with has just rung me to also confirm it, and check that I'd got the letter.

Pretty good service all round I'd say.

burnoutbabe

been in and opened mine - didn't have the existing isa details so have they just printed off a blank form that i can bring in so they can do it.

is that the best way to do it or can i manage the transfer myself better - the blank form they gave me didn't have lloyds details on so i can't use that.