Club Lloyds monthly saver where does interest go

UKSBD wrote: »

Looks like my best option is to just let it convert then go in branch and cancel all of them after I have received the interest.

Any of the accounts you opened online, together with the ones you opened in UK branches, can generally be closed by clicking on 'More actions' next to the account, then 'Account Services' / 'Close Account'.

Personally I find it easier not to close accounts in the middle of the year, because it's handier to still have them still existing at end of the tax year (with a zero balance) when I want to check that I've recorded all the interest on all my accounts for doing my tax return. If one (or several) of the accounts has disappeared from the list by next April 2019 (because I closed it in May or June 2018) it may be more of a pain to track down how much interest I had received in it for the 2018/9 tax year.

A solution is of course to write down or record securely the interest amount when you get it credited next week, and hope you don't lose it; but I have no real interest in doing that in May 2018 when the tax year won't end until April 2019 and I might not even get around to doing my tax return until Jan 2020 (depending on whether I'm owed tax I want to claim or I owe tax to them). I just can't be bothered recording the information right now because I won't be using that information for such a long time into the future, so it's frankly just easier to empty the account and leave it open with £0 in it until I've done my 18/19 tax return, whenever that is.