Lloyds TSB ISA rates increase
www.moneynews.co.uk > Banking > Lloyds TSB ISA rates increase
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Lloyds TSB ISA rates increase
Tue 24th Mar 2009
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Beginning today, the new rates will be guaranteed for all new ISA customers for at least the next 12 months.
Lloyds TSB cash ISAs require a minimum of £3,000 to open, but due to the tiered interest payments, customers who pay in the minimum amount will not see their rates rise.
To benefit from the best rate offered by Lloyds TSB, 3.20 per cent, customers must pay in £30,000 or more.
Colin Walsh, managing director savings and investment, Lloyds TSB said: "This latest rate increase is just one example of how we are working to help savers make the most of their money in today's difficult economic climate."
Recently, the Royal Bank of Scotland and NatWest launched ISAs which pay interest of 3.51 per cent on all balances over £1.
Click here for more banking news
Related News : Banking |
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Related News : LloydsTSB |
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