Good if you're in the black, bad if you're in the red
3
If you never go into your overdraft, Club Lloyds is a great account. The interest on your money isn't bad and you can opt into 'saving your change', which sees the account rounding up your spends to the nearest pound (build up a little pot by squirrelling away the difference in pennies).
But if you dip into your overdraft (unless you have a pre-arranged fee-free one), you pay 1p daily for every £7 overdrawn (it used to be £8) for the first £1,500 alone.
I was in the black for ages, while I saved for a deposit for our house. Now that's no longer in my account and we have a baby on the way, I am perilously close to tipping into my overdraft.
However, I do get a text to let me know when I'm near that point... so that's helpful
Reviewed on: 22nd November 2018
Getting a mortgage through Coventry Building Society was a bit laborious. After a quick start, the home buyers survey was conducted and reported on within a week - great!
Week after week, we were promised to hear from CBS with an offer, but the offer didn't come for nearly a month. Everything else was ready to go, but the underwriter apparently forgot that he had a few queries that we never got asked.
In the end, we got there and although it's early days with the mortgage, everything else has been smooth...
Reviewed on: 17th July 2018
Club Lloyds is great - I get nearly £10 a month just for having money in my current account AND my boyfriend gets a Golf magazine through the door every month as a perk (gifted from me). It shuts him up for a few hours - win win!
Reviewed on: 15th November 2017
I've been using my Club Lloyds current account for a few years now - and it works really well for me! Not only do I get a free magazine subscription (Golf Weekly, was my choice) but previously I've had free cinema tickets! And, which is better for me, I've opted into a small savings scheme, which sees all my spend rounded up, with the difference put into a separate account. I don't even notice it going, but by the end of the month I have £20-30 to spend on a little treat!
The website is super easy to use, and they give me a breakdown of my spending so I know where I need to reduce spend if I need to.
Oh, AND they give cashback spend with some companies when you opt in.
Reviewed on: 7th November 2017
