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LLoyds TSB fixed rate cash ISA

Robusty · 2008-04-30 22:38:39

hi there, i had previously opened a 6.5% fixed rate cash ISA with Lloyds TSB at the beginning of april, and now, according to their web site, the interest rate of this fixed rate cash ISA has fallen to just 5% only!!! so what would happen to the interest rate of the account i opened with lloyds earlier this month?? ( the…

Comments

KTF Posts: 4,855 Forumite

14 May 2008 at 8:41AM

The amount you have in your account doesnt matter. As I said above, if you opened the ISA before the rate was lowered then you are on the original 6.5% t&c (including the previous higher tiered rates).

If you opened the ISA after the rate had changed (which doesnt apply to yourself as you opened the account before the rate was lowered) then you are on the lower 5.5% rate t&c (with lower tiered rates to match).

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