03 Apr 2016

A question about : New Lloyds Club current account

Spoke to Lloyds customer services advisor today & asked if they could give any info on the soon to be released LLoyds Club account.
Was told the following:

Would have to be funded with Ј1500 a month or there would be a fee of Ј5.

2 Direct debits would have to be set up on the account.

There would be a linked savings account with bonus interest rates for 12 months.

Tiered interest up to Ј5000.

Special offers on magazine subscriptions & other deals.

I asked the advisor if he could tell me what the interest rates would be & he said that info wasn't available.

All in all i wasn't really overwhelmed with what he told me but lets hope it offers some fab interest rates for account holders.

Best answers:

  • Can't say I'm overwhelmed either. Wonder when this will be released and what the interest rates will be.
  • According to another thread about this account, it's been slated for March 22 (this Saturday).
  • I'll stick with my Nationwide FlexPlus thanks
  • Is it to replace Vantage?
  • Yes my understanding is that Vantage accounts for new accounts will be withdrawn when club Lloyds starts.
    Any existing Vantage accounts will be ok - but for how long?
  • I opened a 2nd Vantage account today before they got rid of them with the introduction of Lloyds Club
  • Any word on whether Bank of Scotland's Vantage offer is being replaced too?
  • I don't see any links to the Plus account yet, but I do notice that the Enhance account is now marked "No longer on sale".
    Hope everyone upgraded to it in time!
  • There seems confusion in this thread between Lloyds Club (the subject of this thread) and TSB Plus (the account of a different bank).
  • They are still the same group unless I'm missing something?!
    More product changes will occur once TSB is sold or floated by LBG.
    Quote:
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