News Tag: Lloyds TSB
February 16, 2010
In its latest Scottish House Price Monitor, Lloyds TSB tracks the continued recovery of the region's housing market.
Most areas of Scotland were showing price increases over the three months to the end of January 2010, with the average cost of a home up 5.9% on the previous quarter, to £160,074.
Dundee and Edinburgh led the way with quarterly rises of 16.3% and ...
Scottish house prices continue recovery
by Gill Montia
October 20, 2009
Businesses must get ready to make the most of an upturn in the economy, Lloyds TSB has advised.
The bank said businesses that are prepared for economic recovery will thrive when the upturn begins.
Although there is no certainty when recovery will begin, firms that do not plan could fall into the trap of overtrading, the bank said.
"One thing is clear - those ...
Lloyds TSB: Prepare for economic recovery
by David Masters
July 31, 2009
Lloyds TSB's final salary pension scheme could be shut down as the bank looks to cut costs following the acquisition of HBOS. The bank plans to review all its benefits schemes in light of the acquisition, with the pension scheme as a likely cost-cutting target, a statement from the bank said. “When Lloyds Banking Group formed in January 2009, we said we would look to harmonise terms and conditions of employment for ...
Lloyds TSB reviews final salary pension scheme
by David MastersLloyds TSB's final salary pension scheme could be shut down as the bank looks to cut costs following the acquisition of HBOS. The bank plans to review all its benefits schemes in light of the acquisition, with the pension scheme as a likely cost-cutting target, a statement from the bank said. “When Lloyds Banking Group formed in January 2009, we said we would look to harmonise terms and conditions of employment for ...
July 10, 2009
Lloyds TSB this week launched its 2009 Student Account with a first-year interest free tiered overdraft of up to £1,500.
Benefits include free mobile banking until August 2010, an NUS Extra card offering discounts at over 60 retailers, one year's membership to the Youth Hostel Association (YHA), and 35 music downloads from eMusic.
The overdraft is limited to £500 in the first six ...
Lloyds TSB launches 2009 student account
by David Masters
June 30, 2009
Customers at Lloyds TSB are now able to request their bank account balance via text message.
The "Balance on Demand" service was launched today by the high street bank.
To check their bank balance, customers text BAL and the last four digits of their current account to a special short telephone number.
In reply, they receive a text that shows their current balance ...
Check your bank balance via text message
by David Masters
May 27, 2009
Lloyds TSB has increased the interest rate on its monthly saver account to 5%.
The rate is fixed for 12 months and is available to account holders who deposit between £25 and £250 per month.
Penalty-free withdrawals can be made from the account at any time.
Colin Walsh, Lloyds TSB managing director of savings and investments, said given the current financial climate, getting ...
Lloyds TSB pays 5% on monthly saver
by David Masters
May 20, 2009
Lloyds TSB has launched "Lend a Hand", a new mortgage with first-time buyers in mind.
The three-year fix comes at a rate of 4.39%, with a loan-to-value ratio of 95% and a £995 fee.
However, applicants will need to be on good terms with their nearest and dearest because the offer is subject to the bank taking a legal ...
Lloyds TSB launches first-time buyer three-year fix with a twist
by Gill Montia
May 6, 2009
Ethical banking is proving a popular choice for British savers, with record numbers signing up for accounts at the Co-operative.
The bank this week revealed that 123% more people have signed up for its current account this year compared to last year.
Customers are coming to the Co-operative, which has an ethical screening policy on its investments, from more traditional high street banks ...
Disillusioned savers switch to ethical banking
by David Masters
April 22, 2009
HSBC is the best high street bank for customer service, according to mystery shopper research by Prophet.
The innovation strategy consultants found that of the ten banks surveyed, only HSBC and Citi offer a customer experience 'above expectations'.
Barclays came in third place behind HSBC and Citi, providing a customer experience that met expectations.
Lloyds TSB and the Post Office were the worst for customer ...
HSBC tops customer service league
by David Masters
March 27, 2009
Younger Brits are more concerned about losing their jobs than the older generation, a new study by Lloyds TSB has revealed.
People under 35 are more likely to worry about the state of the economy, with 32% of this age group expressing concern about financial issues including unemployment, having less money to spend, being unable to support their family, and being unable ...
Under 35s most fearful of unemployment
by David Masters
March 26, 2009
Lloyds TSB has announced an interest rate increase on its fixed-rate Cash ISA of up to 1%. Bucking the trend of decreasing interest rates, the bank announced that customers saving £30,000 or more will benefit from an interest rate of 3.20%, fixed for at least 12 months. Accounts holding between £9,000 and £30,000 will be paid interest at 3%. However, customers who open an account with the £3,000 minimum will be paid interest ...
Lloyds TSB increases ISA interest rate
by David MastersLloyds TSB has announced an interest rate increase on its fixed-rate Cash ISA of up to 1%. Bucking the trend of decreasing interest rates, the bank announced that customers saving £30,000 or more will benefit from an interest rate of 3.20%, fixed for at least 12 months. Accounts holding between £9,000 and £30,000 will be paid interest at 3%. However, customers who open an account with the £3,000 minimum will be paid interest ...
March 23, 2009
Lloyds TSB has launched a range of new fixed-rate mortgages with interest rates starting at 3.29%.
This headline rate is available on two-year deals with a loan to value (LTV) of 60% or below.
Other new products include a 3.99% two year fixed-rate mortgage at 75% LTV, and a 4.99% five year fixed-rate product, also at 75% LTV.
Stephen Noakes, Lloyds TSB's commercial director ...
Lloyds TSB launches 3.29% fixed-rate mortgage
by David Masters
February 12, 2009
Halifax has increased the cost of some of its fixed-rate home loans for new customers, effective from next week.
The UK's largest mortgage lender has hiked rates on 18 of its 52 fixed-rate deals by 0.2%.
The move will not please the Government, which has so far committed £11.5 billion of taxpayers' money to the bank, enabling its merger with Lloyds TSB.
The rise also comes ...
Halifax increases fixed-rates
by Gill Montia
February 11, 2009
One in four UK consumers expect interest rates to rise over the next year.
In a January poll by Lloyds TSB, 24% of Brits predicted that interest rates will be higher in 12 months time. This is compared to 4% in Lloyd's December poll.
Lloyds' Consumer Barometer also found that expectations on inflation have improved.
Most consumers expect the exchange rate to hold ...
Consumers expect interest rates to rise
by David Masters
February 9, 2009
Base rate cuts alone may not be enough to revive the UK economy, Lloyds TSB has warned.
Trevor Williams, an analyst at Lloyds TSB, said the Bank of England must start thinking about alternative stimuli.
The 'economic woes' that led to last week's base rate cut 'will not disappear overnight', said Williams.
With the base rate at a record low, "the UK needs ...
Base rate cuts insufficient to revive economy
by David Masters
February 6, 2009
Eight major lenders yesterday confirmed plans to pass on the full 0.5% base rate cut to mortgage holders.
Abbey, Barclays, Cheltenham & Gloucester, Halifax, HSBC, Lloyds TSB, Nationwide Building Society and Skipton Building Society have all announced interest rate cuts.
Abbey said the full rate cut will be passed on to tracker mortgage holders, whilst its Standard Variable Rate (SVR) mortgage is ...
Mortgage lenders pass on 0.5% rate cut
by David Masters
January 28, 2009
Lloyds Banking Group launched a new campaign this week to reunite customers with £100 million held in dormant bank accounts.
The banking group - created this month by a merger between Lloyds TSB and Halifax Bank of Scotland - said it is paying for a national advertising drive that will encourage customers to check if they have untouched money in accounts they've ...
Lloyds reunites customers with forgotten savings
by David Masters
January 23, 2009
Homeowners should use the Bank of England's recent rate cuts as an opportunity to overpay on mortgage payments, according to banking group HSBC.
Thousands of pounds worth of interest can be saved by tracker customers if they choose to overpay, HSBC said.
Tracker mortgages follow the Bank of England base rate. Consumers holding a tracker mortgage have seen their mortgage repayments fall dramatically ...
Don’t hoard cash; Overpay your mortgage
by David Masters
January 18, 2009
Bank shares on Friday took a battering amid speculation that more financial institutions will have to be rescued by the Government.
Barclays stock was down 25% to its lowest level since 1993, while Royal Bank of Scotland lost 13%, the latter is 57.9% owned by the Government.
Last week alone, Lloyds TSB saw its shares lose 30% in value as it ...
Further bank rescue as shares take a battering
by Kay Murchie
January 13, 2009
The new Lloyds Banking Group, formed by the merger of Lloyds TSB and HBOS, has received legal approval by a court in Edinburgh and will commence trading next week.
The news comes just one day after it was announced that the new banking giant will be 43.4% owned by the taxpayer, after investors bought just 0.5% of shares on offer from ...
Lloyds TSB/HBOS merger gets green light
by Kay Murchie
