Club Lloyds.......not quite goodbye

I have held my Lloyds current account, currently a Club Lloyds account, since the days of monthly 'bank charges' when the idea of interest being paid on current accounts was unimaginable, so I won't be closing my account because of the recent reduction in interest rates.
In one way I am pleased that banks are coming to their senses and realising that paying higher rates of interest on current accounts than savings accounts is not a good idea and contrary to what could be thought of as banking norms.
Having said that though, this is going to cost Lloyds in terms of the average amount deposited in these accounts. In the days when Lloyds were paying 5% where the balance was between £4-5k it made sense to keep money in the account, even if the balance exceeded £5k for part of the month. However, now it makes very little sense to do this just to get an extra 0.2% on a maximum of £1k.
I am now only keeping a very small accidental overdraft prevention buffer amount in the account in addition to monthly income and have transferred/will be transferring any excess elsewhere. There are instant access building society accounts, for example, paying more than 1%.
The Club Lloyds monthly saver and regular saver remain ok I guess although the interest rates are lower than last year. Apart from that, Lloyds interest rates are abysmal. 0.2% in the easy saver and a massive 0.6% on balances of £25,000+ in the Club Lloyds saver. Who in their right mind would deposit savings in such accounts?
I can see Lloyds losing deposits as a result of these changes. Also, without the decent interest, the Club Lloyds account has very little to recommend it over accounts offered by other banks so I expect this will see a reduction in the number of new customers attracted to the bank.

For those who still need hub accounts, the Al Rayan 1.6%* Every Day Saver seems a reasonable alternative to a full-fat Santander 123 account. You can set up any number of SOs on it, and Faster Payment** is also available for payments in and out. Account comes with full FSCS protection.

*The interest / profit rate isn't guaranteed at 1.6% - but neither is the Santander 1.5%. There's no £20K limit on the Al Rayan, which could make life a little easier.

**It's the little bit slower version of FP - not instant, but also not quite as slow as the Tesco one. So perfectly acceptable.

Technically, the Al Rayan account also offers DDs. In practice, setting these up looks painful as you cannot do it online and have to contact them directly.