some help please with Lloyds

chatty123

I wonder if anybody can help me witrh this question.
In February Lloyds Tsb were doing a fixed rate isa at 8% for new customers investing over £9000.
Does anybody have a the info that was around at this time about it all please.

thanks guys

Baldur

chatty123 wrote: »

I wonder if anybody can help me witrh this question.
In February Lloyds Tsb were doing a fixed rate isa at 8% for new customers investing over £9000.
Does anybody have a the info that was around at this time about it all please.

Do you mean the 6.5% (for 9k plus) FRISA, which was introduced in early February and reduced to 5% last week (for 9k plus)?

See HERE.

The 8% was, if I recall correctly, achievable only via a bonus which was conditional upon taking up another of their financial products (possibly a S&S ISA?)

KTF

It was 6.5% if you invested over 9k but it was pulled about a week ago and now offers 5%.

Have a read of the thread here: http://forums.moneysavingexpert.com/showthread.html?t=725969

chatty123

From what i remember it was definately 8% fixed rate for investments over £9,000 for ""NEW"" customers only.

anybody else remember this

egduj

The 8% you refer to was conditional on taking up another of their investments, can't recall exactly which one.

ffacoffipawb

egduj wrote: »

The 8% you refer to was conditional on taking up another of their investments, can't recall exactly which one.

It was for a share ISA from Scottish Widows - you got 1.5% extra on top of the Lloyds TSB FRISA rate of 6.5% for one year.

Baldur

ffacoffipawb wrote: »

It was for a share ISA from Scottish Widows - you got 1.5% extra on top of the Lloyds TSB FRISA rate of 6.5% for one year.

That's what I was trying to recall, I knew that it was a product from one of their subsidiary 'brands'.

jonesMUFCforever

ffacoffipawb is correct.
To get the 8% rate you had to invest the same amount into a S&S bond or ISA to get the full interest on the cash ISA for 12 months.