Lloyds halves interest on top Club Lloyds account to 2%

Found 12th Oct 2016
The interest rate on Lloyds Bank flagship Club Lloyds account is to be halved from 4% to 2% in January. The bank blamed "changing market conditions" for the decision. Club Lloyds, which currently pays 4% on balances between £4,000 and £5,000, will pay just 2% from January 2017 on savings between £1 and £5,000.

Well that's my profit from the recent Virgin money bank transfer credit card deal gone then

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11 Comments

Original Poster

They'll likely advertise the monthly fee drop quite heavily as well to mask the drop, although I imagine that the significant majority of users don't actually pay for it (like I don't).
Edited by: "OliverBanks91" 12th Oct 2016

TSB/Halifax as well:
moneysavingexpert.com/new…o-2

May just move my stash into NS&I premium bonds ( nsandi.com/pre…nds ) at this point with dire rates and no interest in investing for now.


Edited by: "kiish" 12th Oct 2016

Santander 123 cut their 3% interest to 1.5% too. Up to £20K.

TSB interest drops from 5% to 3% too from Jan 1 /17 and only on £1,500 down from £2,000.
Edited by: "landros1" 12th Oct 2016

amfan

Santander 123 cut their 3% interest to 1.5% too. Up to 22.16€ (£20)K.


After raising the monthly fee from £2 to £5.

What is this interest that you speak of?

moneysavingkitten

What is this interest that you speak of?


From Jan your £349.99 would have given you £7, whereas before then you would have been given.£14

[email protected]

From Jan your £349.99 would have given you £7, whereas before then you w … From Jan your £349.99 would have given you £7, whereas before then you would have been given.£14



There's a bank for Amazon vouchers?

moneysavingkitten

There's a bank for Amazon vouchers?


There might be a Club Amazon, I'm not sure.

[email protected]

There might be a Club Amazon, I'm not sure.


In Turkey
http://www.butikoteltatili.com/userfiles/image/B%C3%B6rd%C3%BCbet%203.jpg
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