Latest news with #LloydsMonthlySaver
Daily Mirror
19-05-2025
- Business
- Daily Mirror
Lloyds and Halifax changing bank accounts - and you could lose out on free cash
Lloyds student current account pays 2% interest, while Halifax student bank account pays 0.5% interest - but these rates are being axed from June 2 Lloyds and Halifax will no longer pay interest on student bank accounts from next month. Lloyds student current account pays 2% interest on balances between £1 and £5,000, while Halifax student bank account pays 0.5% interest on all balances above 1p. But from June 2, the banking group will remove these rates - meaning students will no longer earn interest on money held in these accounts. A Lloyds Banking Group spokesperson said: "Our student account comes with benefits such as a fee free overdraft as well as Everyday Offers, providing cashback when shopping at select retailers. "We're also making changes, including some exciting new benefits, when we launch our 2025 Student Account in the coming months." Lloyds is also hiking the monthly fee on its Club Lloyds package bank account from June 2. Club Lloyds is a current account where you pay a monthly fee in exchange for additional perks. For example, you can choose between a Disney+ subscription, six cinema tickets, a magazine subscription, or 25% off certain food and drink brands. You also get access to the Club Lloyds Monthly Saver which pays 6.25% gross/AER on up to £400 a month, and up to 15% cashback at selected retailers. You currently pay £3 a month for a Club Lloyds account - but this is rising to £5 a month from June 2. The monthly fee is still waived if you pay in £2,000 or more each month. This monthly fee also applies to Club Lloyds Silver and Club Lloyds Platinum accounts, although these also come with additional fees. You pay an additional £11.50 a month for Silver account, and £22.50 a month for Platinum. But in some good news, Lloyds has announced that all Club Lloyds customers will be able to use their debit card to make purchases or withdraw cash anywhere in the world free of charge. This applies when you pay in the local currency - if you choose to pay in pound sterling, you may still be charged. Club Lloyds is a type of packaged bank account that gives you additional perks in exchange for a monthly fee. For example, you can choose between a Disney+ subscription, six cinema tickets, a magazine subscription, or 25% off certain food and drink brands. You also get access to exclusive savings accounts, including the Club Lloyds Monthly Saver which pays 6.25% gross/AER on up to £400 a month, and up to 15% cashback at selected retailers.
Daily Mirror
08-05-2025
- Business
- Daily Mirror
Lloyds Bank closing another 8 branches next week
Lloyds says the closures are down to more people using its online banking services - but the news of more banks disappearing will be disappointing for those who rely on in-person support Lloyds Bank is shutting another eight branches next week as part of a huge string of closures this month. The high street lender is saying goodbye to 27 branches in total this month, including seven that have already now closed. Lloyds says the closures are down to more people using its online banking services - but the news of more banks disappearing will be disappointing for those who rely on in-person support. There are some options if your bank is closing. Lloyds, Halifax and Bank of Scotland customers can use branches across any of the three banks for everyday banking, as these are all part of the same group. You can also check if there is a "banking hub" near you, where you can visit a "community banker" for help with certain services. "Banking hubs" are located in shared public spaces on the high street, such as libraries or communities, for customers who need to speak to someone face-to-face. Each bank will take it in turns on a different day to occupy the "banking hub" space, but you don't necessarily need to be a customer of that particular bank to use some of the services. Lloyds customers can also the Post Office for paying in and withdrawing cash, checking your balance, and depositing cheques. Here are the latest bank closures. Lloyds Bank branches closing next week Launceston – May 12 Pontyclun – May 12 New Milton – May 13 Wetherby – May 13 Margate – May 14 Newland University – May 14 Alnwick – May 15 Prudhoe – May 15 Full list of Lloyds Bank branches closing in May Beccles – May 6 Bromsgrove – May 7 Louth – May 7 Matlock – May 7 Southampton Shirley – May 7 Bishop Auckland – May 8 Leyland – May 8 Launceston – May 12 Pontyclun – May 12 New Milton – May 13 Wetherby – May 13 Margate – May 14 Newland University – May 14 Alnwick – May 15 Prudhoe – May 15 Sherborne – May 19 South Elmsall – May 19 Bridgnorth – May 20 Ludlow – May 20 Rayleigh – May 20 Bristol Clifton – May 21 Herne Bay – May 21 Fulham – May 27 Bolton Farnworth – May 28 Bristol Patchway – May 28 Cardiff Whitchurch – May 29 Godalming – May 29 It comes after Lloyds announced that all Club Lloyds customers will be able to use their debit card to make purchases or withdraw cash anywhere in the world free of charge. This applies when you pay in the local currency - if you choose to pay in pound sterling, you may still be charged. Club Lloyds is a type of packaged bank account that gives you additional perks in exchange for a monthly fee. For example, you can choose between a Disney+ subscription, six cinema tickets, a magazine subscription, or 25% off certain food and drink brands. You also get access to exclusive savings accounts, including the Club Lloyds Monthly Saver which pays 6.25% gross/AER on up to £400 a month, and up to 15% cashback at selected retailers.
