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  • FIRST POST
    • MSE Callum
    • By MSE Callum 16th Apr 18, 5:02 PM
    • 215Posts
    • 94Thanks
    MSE Callum
    MSE News: Lloyds and Bank of Scotland to cut interest on current accounts
    • #1
    • 16th Apr 18, 5:02 PM
    MSE News: Lloyds and Bank of Scotland to cut interest on current accounts 16th Apr 18 at 5:02 PM
    Two decent interest-paying current accounts from Lloyds and Bank of Scotland will have their rates cut from July, MoneySavingExpert can reveal - while Halifax is to increase the monthly fee for its Ultimate Reward packaged account...
    Read the full story:
    'Lloyds and Bank of Scotland to cut interest on current accounts'

    Click reply below to discuss. If you havenít already, join the forum to reply.
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Page 1
    • ceredigion
    • By ceredigion 16th Apr 18, 5:06 PM
    • 2,704 Posts
    • 3,577 Thanks
    ceredigion
    • #2
    • 16th Apr 18, 5:06 PM
    • #2
    • 16th Apr 18, 5:06 PM
    Three days late
    http://forums.moneysavingexpert.com/showthread.php?t=5827731
    • AirlieBird
    • By AirlieBird 16th Apr 18, 5:36 PM
    • 1,016 Posts
    • 826 Thanks
    AirlieBird
    • #3
    • 16th Apr 18, 5:36 PM
    • #3
    • 16th Apr 18, 5:36 PM
    MoneySavingExpert can reveal
    Originally posted by MSE Callum
    Really? You mean Lloyds didn't reveal it themselves by publishing it on their website last week?
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
    • Gers
    • By Gers 16th Apr 18, 6:05 PM
    • 6,404 Posts
    • 40,484 Thanks
    Gers
    • #4
    • 16th Apr 18, 6:05 PM
    • #4
    • 16th Apr 18, 6:05 PM
    Really? You mean Lloyds didn't reveal it themselves by publishing it on their website last week?
    Originally posted by AirlieBird


    The changes, announced in the small print on the banks' websites and first spotted by sharp-eyed MSE forum users
    This is at least 10 characters long even if MSE doesn't recognise it as such!
    • Herbalus
    • By Herbalus 16th Apr 18, 9:38 PM
    • 2,063 Posts
    • 1,684 Thanks
    Herbalus
    • #5
    • 16th Apr 18, 9:38 PM
    • #5
    • 16th Apr 18, 9:38 PM
    Really? You mean Lloyds didn't reveal it themselves by publishing it on their website last week?
    Originally posted by AirlieBird
    I thought that. Seems very odd to say they can reveal something that is effectively in the public domain by virtue of being published quite prominently on the main current account page of financial institutions.
    • Herbalus
    • By Herbalus 16th Apr 18, 9:41 PM
    • 2,063 Posts
    • 1,684 Thanks
    Herbalus
    • #6
    • 16th Apr 18, 9:41 PM
    • #6
    • 16th Apr 18, 9:41 PM
    To be absolutely fair (and I know its good fun to notice how the forum gets bored of a subject before MSE launch it as breaking news), this other forum thread did appear at 9.29pm on Friday.

    Not working weekends would be a pretty good reason for them to be late on this one.
    • aj23
    • By aj23 17th Apr 18, 9:05 AM
    • 400 Posts
    • 152 Thanks
    aj23
    • #7
    • 17th Apr 18, 9:05 AM
    • #7
    • 17th Apr 18, 9:05 AM
    I'm pleased I didn't switch to BoS in November.
    • niktheguru
    • By niktheguru 17th Apr 18, 10:09 AM
    • 72 Posts
    • 40 Thanks
    niktheguru
    • #8
    • 17th Apr 18, 10:09 AM
    • #8
    • 17th Apr 18, 10:09 AM
    Looks like tesco has acted.....their internet saver has just dropped to 1.18%!
    • RG2015
    • By RG2015 17th Apr 18, 10:19 AM
    • 1,219 Posts
    • 710 Thanks
    RG2015
    • #9
    • 17th Apr 18, 10:19 AM
    • #9
    • 17th Apr 18, 10:19 AM
    Looks like tesco has acted.....their internet saver has just dropped to 1.18%!
    Originally posted by niktheguru
    Hi niktheguru,

    Many thanks for alerting us to this news.

    I have just checked and I see that Tesco Bank has reduced the 12 month bonus but not the underlying rate. Hence it is 0.55% plus a bonus of 0.63%

    Existing account holders will not be affected and I am still hoping that the BOE will increase the base rate soon and Tesco Bank will likewise increase their underling rate.

    The link below shows the historical rates for the bonus. You will need to scroll down to the internet saver and then click on introductory bonus.

    https://www.tescobank.com/savings/previous-interest-rates/
    Last edited by RG2015; 17-04-2018 at 10:29 AM. Reason: Inserting link.
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