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Does anyone else have a 4% Lloyds ISA?

Does anyone else have a shoddy rate of 4% with Lloyds?

Why is it so low - I haven;t got much in it as yet but everyone else seems to have 6%.

Or is it because I don't have enough.

Comments

  • dunstonh
    dunstonh Posts: 121,299 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Lloyds dont have to buy money at the moment as their cashflow is good. Some of the other banks need to offer higher rates to raise money. You never go to Lloyds to get the best rate. You go to Lloyds for convenience and financial strength.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Frugality wrote: »
    Does anyone else have a shoddy rate of 4% with Lloyds?

    Why is it so low - I haven;t got much in it as yet but everyone else seems to have 6%.

    Or is it because I don't have enough.

    They aren't paying 4% on any tier ...

    http://www.lloydstsb.com/rates_and_charges/savings/cash_isa.asp

    Amount InvestedAER/Tax-free (per annum)
    £21,000+ 5.00
    £15,000+ 4.90
    £9,000+ 4.75
    £3,000+ 4.60
    £10+ 3.75
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