Savings accounts recommendations

Ooh, that’s of interest as a Club Lloyd’s account holder.

Just received my free cinema tickets email this morning too :smile:

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The club Lloyds one is £400 a month as well

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Do you know if monthly is anniversary month or calendar month please?

I have scoured the website and terms and cannot get a definitive answer.

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Interest is paid 12 months after account opening and money has to be in before the 25th of each month

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Yeah, I found that bit, ta.

What it does not say is can i put £400 in today and another £400 on 1 November, or is next month from 18 November.

Ooooh excellent. I feel a bit rotten for taking up 2 (now sold out) Santander eSavers now as between this, RBS, Natwest and Barclays I probably have all my savings needs covered elsewhere @ ~5%.

Twitter answer to my Q

Hi, I’m Will, thanks for getting in touch. You can deposit £400 to this account each calendar month. If you’re making a deposit today of £400 today, you can pay in another £400 from 1st November. Hope this helps!

:smile:

Opened in app in less than 60 seconds :astonished:

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You’ll be able to from Nov 1st. LBG are weird in the way they handle these things - but you can take from the ‘by the 25th’ thing that they are indeed calendar months and the window is 1st-25th each month.

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Revolut Metal Vault now up to 1.95pc - ok for convenience

They pay interest at end of 12 months

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That is okay, it is £400 max per calendar period and what you remove can not be put back. Say you had already deposited £400, then take out £200, you can no male additional deposits

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Perfect timing, my current ones reset on November 03

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There are two products, monthly saver 4.5% and Club saver 5.25% (Club Lloyds current account required)

You can have both.

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3% interest rate on up to £10k if you make no withdrawals in a month

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Halifax Monthly Saver - 4.50% gross/AER fixed for 12 months from account opening.

Of particular note to this one, however, is that access to your funds before the end of the 12 months can only be achieved through closure of the account :thinking:

That is not a feature of the Lloyds, Club Lloyds, or BoS Monthly Savers, which all allow access during the term.

You can only access your savings during the 12 months term if you close the Regular Saver account.

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I’d say it’s a very good time to be cash rich and asset poor, as assets are heavily devalued compared to normal market conditions: banks are going to be as tantalising as egg soldiers from an investment standpoint (benefitting from high interest rates) yet my stockholdings with NatWest Group/Lloyds are down

There are all sorts of things affecting banks bottom lines at the moment.

I may regret it, but what’s one of those?

And why “tantalising”?

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That surprises me :slight_smile: When I was little my mum used to cut up a slice of bread and butter into strips for dipping into a boiled egg and called them soldiers. I assume that’s what he’s referring to!

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Yep, that was my take. Never thought of them as tantalising though :thinking:.

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