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A&L Online Saver 2 (merged)

Rate change!!!!

0.9% Intro bonus has been removed and rate now 4.25% on the account, down from its 5.15%!

Might have been mentioned already though, apologies if it has.
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Comments

  • amy21_84
    amy21_84 Posts: 30 Forumite
    yer i saw that, it wont change for people who joined when it was high untill next march tho will it!??

    Does it let you know your rate when you are logged in like halifax does or not? I cant seem to find it!
  • Yes, I just noticed that change too. Pity, because I was about to open an account on Friday and decided to leave it until after the weekend.
  • HGLTsuperstar
    HGLTsuperstar Posts: 1,904 Forumite
    Please can anyone confirm that existing holders are still on 5.15%
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Please can anyone confirm that existing holders are still on 5.15%
    previous rates :
    Online Saver Issue 2 rates

    5.15%†
    Rates effective from 09/01/06 to 12/03/06. ....
    †Includes bonus of 0.90% fixed until 31/03/07
  • HGLTsuperstar
    HGLTsuperstar Posts: 1,904 Forumite
    Yes I know that, so does that mean then that current holders are still getting the discount but new holders dont?
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ...does that mean then that current holders are still getting the discount but new holders dont?
    Can you offer some other way of interpretation?
    I don't think that 'discount' is the right term though ...
  • PZH
    PZH Posts: 1,599 Forumite
    Part of the Furniture Combo Breaker
    "Rates effective from 09/01/06 to 12/03/06. ....
    †Includes bonus of 0.90% fixed until 31/03/07 "

    Thanks Grumbler - saw the new rate and swore a bit until I read the "previous rates" page. I assume the bonus is still being applied, but I might ring A&L just to confirm it...

    If I do I will let this board know the outcome.
    “That old law about 'an eye for an eye' leaves everybody blind. The time is always right to do the right thing.”
  • codetown
    codetown Posts: 685 Forumite
    What I don't understand is why don't they just change the name of the new issue to Issue 3 and change the rate accordingly?

    That way you would have crystal clear distinction among different users, and not two different users on the same saving issue ganing different interests!!!!

    I assume the fixed 0.90% bonus interest must be given to existing customers to 31/03/07, but it is not clear on top of which base interest!
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    codetown wrote:
    ... it is not clear on top of which base interest!
    On top of current 4.25% (variable) ...
  • isasmurf
    isasmurf Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    grumbler wrote:
    previous rates :
    Online Saver Issue 2 rates

    5.15%†
    Rates effective from 09/01/06 to 12/03/06. ....
    †Includes bonus of 0.90% fixed until 31/03/07
    So the 0.7% guaranteed bonus has increased to a 0.9% bonus for those already in the account?
This discussion has been closed.
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