LloydsTSB Fixed rate Isa 6.5%

waddy80

I know it has already been mentioned earlier in the thread, but I have also heard that the offer i finishing on April 12th. (I do work for Lloyds, but this is not an offical announcement, I just heard a rumour!)
Also if people are waiting for funds to transfer, It can take quite a while. And if the funds are released by another provider they are definitley back dating the interest, to the date the old account was closed.

KTF

How can you tell that it has been backdated as I have a letter from Abbey saying my previous ISA was closed towards the end of March and the money was credited to the Lloyds Account on April 2. There was no mention of backdating on the letter that Lloyds sent me confirming that it had arrived.

waddy80

The interest is added manually on the system, I've not seen one of the letters, but know that customers have had it. if you pop into a branch they should be able to tell on the system.

fish10

Thanks waddy80,
Looks like I'll be visiting my local LloydsTSB branch tomorrow

Prudent

waddy80 wrote: »

I know it has already been mentioned earlier in the thread, but I have also heard that the offer i finishing on April 12th. (I do work for Lloyds, but this is not an offical announcement, I just heard a rumour!)
Also if people are waiting for funds to transfer, It can take quite a while. And if the funds are released by another provider they are definitley back dating the interest, to the date the old account was closed.

I opened an account today and was told April 12th too.

Savings_Dave

Well its finally all happened...here's my timeline for my transfer (20 days in total)

18th March: Complete transfer form in branch to open FRISA and transfer in all of my NS&I Direct ISA
1st April: NS&I add interest, close account and transfer out monies
3rd April: Letter from NS&I showing transfer
7th April: Lloyds TSB process cheque and its appears in my account (although not cleared)

I would like to point out to those having problems transfering this year's allowance (£3,600) via quick transfer (from your Classic account) may get an error message online. Seems to affect accounts awaiting transfers from the last tax year - easiest to pop into your local branch and get them to transfer it manually...worked for me

It hasn't been smooth (internet banking error yesterday) but its only taken them 6 days to get the cheque to go from A to B

If Lloyds are ending it early, have they been oversubscribed? glad I didn't leave it longer...

surfcat

LankyMoneySaver wrote: »

Can I check what people have had in the way of correspondence from opening their FRISAs so far? I wasn't a customer before I opened the ISA. I applied on 10th Mar and so far I've had:

• a paying in book with 'account in the name of' 'my name, Mini Cash ISA'.
• a letter dated 2 Apr thanking me for opening 'Lloyds TSB Cash ISA' and saying they have contacted me existing provider for the transfer. This letter does not contain any account number, sort code etc. or the date the account was opened.

Have people had anything else?

I'd like to know what the opening date of my ISA was so I know when the 1 year fix (and presumably good interest rate!) ends so was wondering if anyone had received a letter stating this, or is it just the date you apply?

I've just phoned them up to check that I have got a FRISA instead of normal ISA since nothing I received so far has the word FIXED on it and was told I do. He couldn't tell the date the account was opened though

I got similar to you, minus the paying in book. The other difference was that my letter from lloyds was received after they got the transfer in, so it stated the amount they had received from Abbey. It also said, "mini cash ISA" but they assured me on the phone everything is ok. The photocopy of my original application form that I have lists (printed) s/c, acc. no. and "fixed rate cash isa" in big bold letters so that's ok.

I was told over the phone that they no longer send welcome packs (ie paying in book etc) for these accounts, as you can operate them in the branches. This is despite one of the terms and conditions mentioning something like, "you have the right to cancel within 7 days of receiving your welcome pack".

The t&cs also say that your opening date is the date of first deposit, so that will be either the day you put in a cash lump sum, or the day your money was transferred in.

SC

stu13

My wife and I went into a branch to each open a 6.5% Fixed Rate Cash ISA yesterday - which is a good deal IMO - and the financial advisor who dealt with us informed us that due to its popularity Lloyds are going to pull this ISA at the end of this week..!

Don't forget to take in all of your required identification and a cheque book if you're not an existing Lloyds customer.

Additionally, if you want to avoid the advisor trying to talk you into taking up more of Lloyds offers then take a hungry (and intermittently crying) 6.5 week old into the branch with you... It worked for us; bless...

debbie42

stu13 wrote: »

Additionally, if you want to avoid the advisor trying to talk you into taking up more of Lloyds offers then take a hungry (and intermittently crying) 6.5 week old into the branch with you... It worked for us; bless...

The advisor didn't even discuss or suggest any other offers with me, and that was without either of my children there. Mind you, if someone wants to borrow mine for a couple of hours, just in case... :rolleyes:

Iconic

Just been in today and everything was completed in under 20 mins. I have never had any dealings with Lloyds before but was very impressed by the way they handled the paperwork.

My old ISA was with Britannia and I am not sure if it was a 30 Day Isa. I have just read this about Nationwide so I hope I don't have any problems...
http://forums.moneysavingexpert.com/showthread.html?t=845731