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 – Butse Rates Are Being Axed from June 2

Lloryds 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 at Select Retailers.

“We’re Also Making Changes, Including Some Exciting New Benefits, we are launch ours 2025 students 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 exchang for additional perks.

For example, you cano 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 Llubs Monthly Saver Which Pays 6.25% Gross/Aer on up to £ 400 a month, and up to 15% Cashback at Seleced Retilers.

You Currently Pay £ 3 A MONTH FOR A CLUB LLUBYDS ACCOUNT – but this is rising to £ 5 a month from june 2. The monthly fee is Still waived you pay in £ 2,000 or more each month.

This Monthly Fee Also Applies to Club Llubs Silver and Club Lloyds Platinum Accounts, Although These Also Come with Additorial 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 llo customers will be able to use debit card to make purchas or with any anywhere in the world of Charge.

This Applies should 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 gits you additional perks in exchange for a monthly fee.

For example, you cano 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 Tlubs Monthly Saver Pays 6.25% gross/aer on up to £ 400 a month, and up to 15% Cashback at SeleCted retailers.