Bank of Scotland Vantage change

Where to make the most of your savings

Moderator: User Moderator

planteria
Posts: 450
Joined: Fri Jan 08, 2016 9:11 am
Has thanked: 21 times
Been thanked: 3 times

Re: Bank of Scotland Vantage change

Postby planteria » Fri Jun 29, 2018 9:16 am

1.45% IA is good going Sarah. what's the very best available nowadays?

Sarah
Posts: 454
Joined: Tue Jan 05, 2016 1:38 am
Has thanked: 2 times
Been thanked: 18 times

Re: Bank of Scotland Vantage change

Postby Sarah » Fri Jun 29, 2018 11:42 am

Post Office Online Saver Issue 31 is the market leading easy saver account (according to latest MSE update).

That 1.45% rate for the Birmingham Midshires easy saver account was withdrawn within days:
viewtopic.php?f=9&t=1802&p=3159#p3159

planteria
Posts: 450
Joined: Fri Jan 08, 2016 9:11 am
Has thanked: 21 times
Been thanked: 3 times

Re: Bank of Scotland Vantage change

Postby planteria » Fri Jun 29, 2018 2:14 pm

with you. if i bag the POS31 i plan to put my Annual Stoozepot there.

Sarah
Posts: 454
Joined: Tue Jan 05, 2016 1:38 am
Has thanked: 2 times
Been thanked: 18 times

Re: Bank of Scotland Vantage change

Postby Sarah » Mon Jul 29, 2019 10:03 am

BoS are increasing the top rate from 1.5% to 2.0% with effect from 1 October 2019. That's a slightly surprising change, although they're also adding a lower tier at 1.0% which is a cut for anyone keeping less than £4000 in their account. I only retained one of these accounts, nevertheless a little more interest is always welcome.

Sarah
Posts: 454
Joined: Tue Jan 05, 2016 1:38 am
Has thanked: 2 times
Been thanked: 18 times

Re: Bank of Scotland Vantage change

Postby Sarah » Mon Jul 29, 2019 4:31 pm

In another letter... Club Lloyds interest rates are also changing to the same tiers on the same date!

DC.
Posts: 71
Joined: Sat Jan 09, 2016 12:45 pm
Been thanked: 4 times

Re: Bank of Scotland Vantage change

Postby DC. » Tue Jul 30, 2019 9:42 pm

@sarah
Be careful, they worded it funny.

I found this https://www.moneysavingexpert.com/news/ ... rest-on-u/

Looks like it works differently to the tiers that Lloyds used to do, i. e. not the whole balance.
If you have £5000 you will get an effective rate of 1.2%

Sarah
Posts: 454
Joined: Tue Jan 05, 2016 1:38 am
Has thanked: 2 times
Been thanked: 18 times

Re: Bank of Scotland Vantage change

Postby Sarah » Wed Jul 31, 2019 1:37 pm

Oh, that's sneaky! Boo, rubbish, etc! :evil:

planteria
Posts: 450
Joined: Fri Jan 08, 2016 9:11 am
Has thanked: 21 times
Been thanked: 3 times

Re: Bank of Scotland Vantage change

Postby planteria » Wed Jul 31, 2019 10:13 pm

yes, it wasn't That sneaky though.. it's clear in their letter.
i've tended to keep £4/5k in ClubLloyds, and that's been handy as the origin and destination of my 'round robin' funds -- but i'm planning to stash more away with a local Co-op and run my current accounts pot a lot leaner, even if it means cycling the same money a couple of times to ensure i qualify for ClubLloyds fee-free, for example.


Return to “Savings & Stooz Pots”

Who is online

Users browsing this forum: No registered users and 2 guests