Lloyds 6.5% Cash ISA - Will Close on Friday 11 April

zzzLazyDaisy

Baldur wrote: »

Lloyds TSB's Fixed Rate Cash ISA Terms & Conditions say "You can make your deposit by transfer from an ISA product or products subscribed to in in previous years (provided that if you transfer from another ISA you must complete the ISA transfer form as part of your application)...", which would appear to indicate that you will be unable to transfer in your Nationwide FRISA when its fixed-rate period ceases.

I opened the lloyds FRISA on Wednesday, I was told that I can transfer my Yorkshire FRISA into it when it matures in August

Sooler

Local branch said today that ISA's opened on Saturday will be processed as being opened on Monday so will only qualify for 5%

Joe65_2

Graham.cat wrote: »

My thanks to earlier posters on this board, who spurred me on to open mine today.

However, the counter assistant who I saw first, and the chap who dealt with my application, BOTH said that today, Friday, was the last day.

I don't know whther they were right or not, or whether they is some variation branch-to-branch, but that is what I was told.

Isn't that the thing about Banks 'though... Traditionally each Branch has been used to being a law unto itself. So while there may be only one siingle correct interpretation , each one believes it's theirs.

If you want consistency go On-Line (or to a Building Society).

Graham.cat

Joe65 wrote: »

If you want consistency go On-Line (or to a Building Society).

In this case, going online won't help you. I've just done that, and their page is still showing 6.5% fixed rate available until 31st May.

http://www.lloydstsb.com/savings/fixed_rate_cash_isa.asp

Joe65_2

Graham.cat wrote: »

In this case, going online won't help you. I've just done that, and their page is still showing 6.5% fixed rate available until 31st May.

http://www.lloydstsb.com/savings/fixed_rate_cash_isa.asp

Which it has been , consistently, probably since the product was introduced...

Graham.cat

Joe65 wrote: »

Which it has been , consistently, probably since the product was introduced...

And it has been correct up until very recently.

Quite clearly, the page is now in need of updating, and cannot NOW be relied upon, it seems.

The purpose of my post was to warn about this, rather than to discuss semantics.

bob2007

I asked specifically if I can go and open an account but that I can't transfer ISA until May time. The personal e-mail I got bac recently included that to open there were 2 key points: 1. you need to put in minimum amound of £3000 and 2. the up to 6.5% is only available until 31/05/2008.

shilts

I have just opened a fixed rate ISA Lloyds Tsb with the intention of transfering funds from my existing Halifax ISA . As the deal ends today and the funds have yet to be transfered do i still benefit from the 6.5% as a member of staff told me that the rate goes down to 5% on Monday , many thanks .

bob2007

As I understand it, it is only the application that needs to be done - transfers can take up to 30 days (possibly more) - so you should get the 6.5% as long as your transfer is >£9000 fixed for 12 months.

shilts

Thanks , i have opened the account on-line and the balance shows 000,000 and i have printed the transfer authority form which needs to be dropped into the branch so i guess i'm in .;)