Lloyds TSB 6.50% Fixed Cash ISA

shazkhan111

seccond request : does lloyds backdate the interest from day it is debited from other isa?

Ian_W

shazkhan111 wrote: »

seccond request : does lloyds backdate the interest from day it is debited from other isa?

Yes - and they send you a letter confirming this has been done and the amount that will be applied when interest is added at the end of the 12 months.

Some other providers do as well :T - many don't! :mad:

shazkhan111

Ian_W wrote: »

Yes - and they send you a letter confirming this has been done and the amount that will be applied when interest is added at the end of the 12 months.

Some other providers do as well :T - many don't! :mad:

is this confirmed in the t&c??

is the rate of 6.5% for one year from the time you open the isa?

Ian_W

shazkhan111 wrote: »

is this confirmed in the t&c??

Dunno, haven't checked but have a letter to self and one to Mrs W saying, to the effect, your account was opened on xxdate your previous provider closed theirs on yydate this is z number of days and your account will be credited £? to reflect this when interest is next added. Others on here have had the same letter so I expect it's standard - rather than just being nice to us!

is the rate of 6.5% for one year from the time you open the isa?

Yes, but unlike many fixed rates you can add your 2008 allowance on or after 6/4/08.