Newest Review: ... of security for Lloyds I think it is fairly secure with a digital number, a password and then three characters from a memorable name. I... more
Better than expected banking expirence
Member Name: PCMorris
Advantages: 4% gross interest currently paid on Advantage Current Account
Disadvantages: Slow to move ISA from them
I became a customer of LloydsTSB when the banking crisis began because I always perceived them to be the "average bank just plodding along without causing too much fuss" and therefore a good bet to look after my money. My perception could not be further from the truth, after I started banking with them I found that they deliver on every count; pleasant and helpful staff; good branch network with convenient locations and an internet banking service which must be the best available or at least one of the best. My strong recommendation to anyone considering changing banks is to look at the Advantage Current Account which actually gives you interest on your balance and keep the balance between £5,000 and £7,000 the rate is currently 4% gross. Before you say the obvious that this is a large sum of money to leave in your current account; where else can you get 4% gross with instant access? The negatives are quite limited transferring an ISA to them took far longer than four weeks and the same experience when moving an ISA away from them which could be down to the other financial institution and I understand that this should not occur again and the vast majority of transactions take place within the four week period.
Summary: Good solid performing bank, with the right attitude
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