Lloyds TSB Young Savers Account Review

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1.6 stars
Average rating for this product is: 1.6 out of 5

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noddy2103's Review of Lloyds TSB Young Savers Account

3rd May 2006

Overall Rating

0 stars
  • Value for money
    0 stars
Good Points

None


Bad Points

Very unhelpful


General Comments

I opened a Lloyds TSB Young Savers account for my son with his christening money, and just put monies in as and when it mounted up. I received a letter saying that there had been no recent activity on the account, and if no contact was made the account would be closed. I phoned them up and they said that everything was fine. A few months later I went to pay in some monies and was informed that the account had been closed. I explained I had phoned them, and they said in order to reopen the account I would need to provide his birth certificate etc. I was very annoyed. I went back the day after to reactivate the account and I closed the account down. I will be opening an account elsewhere.

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LenderAccountDescriptionInterestAEROverdraft  
Overdraft RateOverdraft Limit
AbbeyDirect ISA3.00% AER tax-free (variable) from £9k+ which includes a 12 month variable rate bonus of 2.00% AER tax-free. Transfer all your tax-free savings in one easy stepAnnually3.00%N/A
Alliance & LeicesterDirect ISA (Issue 5)Earn up to 2.50% AER tax free (variable) on savings from £9,000 and 2.00% AER below £9,000.Annually2.50%N/A