LloydsTSB Fixed rate Isa 6.5%

Niksan

KTF: how long did it take for your money to leave your old ISA and be credited to Lloyds ?

Richchad

KTF wrote: »

My first transfer is in and the letter I received from Lloyds made no mention of back dating the interest.

Same here, no mention at all about interest.

surfcat

derrick wrote: »

I have just rang this number;- 0800 015 0060, provide by Richchad @ #573 above, and been told this ISA is still open until 31st May, and that interest will be backdated to the date of the cheque, and that the account is opened from date of opening even if no money is deposited in the acc, i.e. awaiting transfer of previous years ISA's, therefore if this is true and some transfers are taking 30 days, then the acc might end up only being 11 months, but don't forget interest will be continuing in the old accs until they post the cheque.

which is a clear breach of their own terms and conditions...

Richchad

Niksan wrote: »

KTF: how long did it take for your money to leave your old ISA and be credited to Lloyds ?

Niksan mine left YBS on 3rd April and arrived on the 9th although my wife's left same day and only arrived today 10th if it is any help.

6022tivo

Just to add to the thread.

managed to bag a account today, transfer in progress.

Offer is definatly closing tomorrow Friday 11th as is "oversubscribed".

Also upon questioning the standard rate it changes to in 12 months, was told by the manager to pop in in 12 months time as they always run a offer to new and existing customers to tie in for 12 months like the 6.5% one every year, but they have never had the demand like this one.

I do not have a lloyds account, but after he entered my details I was approved on the system and he did not need ID, he said I was already preappoved??

He did not pester me to transfer any other business, and was happy to have my custom and the transfer.

Thanks to the op.

exel1966

mr_fishbulb wrote: »

Hmmmmmm. Where did you get the info from?

LLOYDS ISA department in Andover where all ISA applications are processed whether you apply in branch or over the phone.
And also the last day for applications is tomorrow 11th April ! The 31st May was the original closure date, but due to being oversubscribed the ISA is being pulled early.

clearchalk

Thought I would sign up today on line, but when reading the T&C its states:

"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this Cash ISA."

Have already topped up my ISA with another provider already this FY, does that mean I can't open this account?

exel1966

Correct, if you've already added NEW funds to an ISA from 6th April 08 you cannot add to another one.

KTF

But you can transfer it to a provider that accepts transfers in and has a better rate. You just cant add any more money to it.

clearchalk

Yeh I know I can't add anymore money, I want to get all my ISAs under one provider.

Found this on they website also, so maybe able to do that.

"You cannot open a Fixed Rate Cash ISA where you have already opened or contributed to a Cash ISA (held either with us or another provider) in the same tax year (unless you transfer the whole account into this one), or if you have opened or contributed to a Maxi ISA (held either with us or another provider) in the same tax year."