Jump to content
House Price Crash Forum
Sign in to follow this  
guitarman001

Lloyds Tracker Bond

Recommended Posts

So this is CPI + 2%+?

Better than NS&I?

I already have money in NS&I. I could top up but I like to have easy access cash in my Lloyds Vantage account (3% gross on over £3k). NS&I now want you to be tied in for FIVE years with only 0.5% on top (I got in with a 3 year deal with 1% on top). CPI typically less than RPI but by 2%? I don't think so... what is the catch with this product? And don't say 'Lloyds going bust...'

Share this post


Link to post
Share on other sites

So this is CPI + 2%+?

Better than NS&I?

I already have money in NS&I. I could top up but I like to have easy access cash in my Lloyds Vantage account (3% gross on over £3k). NS&I now want you to be tied in for FIVE years with only 0.5% on top (I got in with a 3 year deal with 1% on top). CPI typically less than RPI but by 2%? I don't think so... what is the catch with this product? And don't say 'Lloyds going bust...'

I can't see where CPI is mentioned, Lloyd's site says:

A variable interest rate of 2.50% AER/Gross which tracks at a fixed amount of 2.00% above the Bank of England base rate for one year, or

A variable interest rate of 3.20% AER/Gross which tracks at a fixed amount of 2.70% above the Bank of England base rate for two years.

Nothing about CPI therefore two catches:

1. Money tied up for at least 1 year.

2. A crap interest rate, there are instant access accounts offering almost as much and with monthly interest.

Share this post


Link to post
Share on other sites

Oh sh!t, I mistook BoE base rate for CPI! Guess I was thinking about NS&I index-linkers too much.

I think I may keep my 'sapre' cash in my Vantage account. The new NS&I deals aren't as good and I don't like not having emergency money free to hand.

Thanks for pointing out the above!!!!!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.