- Club Lloyds offers 4% interest on balances between £4k and £5k
- It is to halve rates for millions of customers from January
- Halifax £5 monthly reward account to fall to £3 payment
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.
Club Lloyds: The popular account is set to see interest rates fall from January
It currently pays two per cent on balances between…