Now Lloyds cuts the interest rate for current account customers with its Club Lloyds deal dropping from 4% to 2%
Lloyds is the latest big banking name to hack at its current account interest rate in a move which is sure to irk millions of its customers.
From January, it is to halve the top tier interest rate on its Club Lloyds current account from four per cent to two per cent.
Currently, it pays a headline grabbing four per cent on balances between £4,000 and £5,000 making it one of the more generous current account interest offerings.
It already pays two per cent on balances between £2,000 and £3,999 and one per cent on balances between £1,000 and £1,999.
It is currently unclear whether these tiers... read more
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