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Up to £40 FREE for existing LloydsTSB Classic Plus Current Account Holders
Up to £40 FREE for existing LloydsTSB Classic Plus Current Account Holders

Up to £40 FREE for existing LloydsTSB Classic Plus Current Account Holders

Courtesy of the latest MSE weekly email...

For just one phone call you could earn an extra £40 in interest (basic rate tax-payers) over the next 12 months.

LloydsTSB currently pay 4% gross on their Classic Plus account, which has no monthly charges, but requires you to pay in at least £1000 each month.

However, they have a deal on at the moment to pay 6% (rather than the 'standard' 4%) for the first 12 months to new customers.

It is not widely advertised, but existing customers can ring through on the telephone banking number 0845 3 000 000, and ask them to switch you onto the better rate for the next 12 months.

Interest is only paid on balances up to £2,500 and so if you keep the full £2,500 in for the next 12 months, this extra 2% bonus is worth £40 after tax for basic/20% tax rate payers.

I made the call (it took 5 mins, and lines are open 24/7) and they made the switch there and then - all other details (Card/PIN/cheque book etc.) remain the same.

Surely this is a hot deal for any existing LloydsTSB customers with this particular current account?

3 Comments

if your going to keep 2.5k in there there are other instant access accounts paying 6.5 gross interest, ud b better sticking it in there for 12 months

Will look into this - cheers OP.

I read about this on the work network yesterday gonna give customer services a call in a bit. This applys to ALL plus accounts Classic Plus, Select Plus, Silver Plus, Gold Plus, Platinum Plus and Premier Plus
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