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Egg saving

hebron
hebron Posts: 197 Forumite
in Savings & investments
I have only just opened an Egg saving account at £3.25% and now I see it Has dropped. Does this mean I still get 3.25% for 12 month or the new rate?

Thank you.

Comments

  • wizk1
    wizk1 Posts: 911 Forumite
    Part of the Furniture 500 Posts
    edited 17 September 2009 at 3:25PM
    [STRIKE]Sadly, it means your rate has dropped too (and mine) as it's variable rate. Looks like I'll be moving my savings out of there.[/STRIKE]
  • hebron
    hebron Posts: 197 Forumite
    I was going to transfer £10,000 into it today good job I saw it as now I won't bother. Another waste of time opening an account.

    Thanks for your answer.
  • wizk1
    wizk1 Posts: 911 Forumite
    Part of the Furniture 500 Posts
    wizk1 wrote: »
    Sadly, it means your rate has dropped too (and mine) as it's variable rate. Looks like I'll be moving my savings out of there.
    Actually. I'm telling porkies. Take a look at the small print for the account on the date you opened yours... http://new.egg.com/visitor/0,,3_11096--View_164,00.html

    The bonus has dropped, not the main interest rate, but ours is a fixed bonus for 12 months, meaning our overall interest rate hasn't changed.
  • KingL
    KingL Posts: 1,713 Forumite
    more info in a thread from tuesday
  • KTF
    KTF Posts: 4,854 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If you opened it when the rate was 3.25% then you will get 3.25%.
  • Doomcow
    Doomcow Posts: 1,729 Forumite
    there is a button you can press on the website to "show interest rates"

    i suggest you try there.
    Mr & Mrs Doomcow Wedding Fund: £10200/£18000 (by 04/2012) (spent £2000)
    meiow meiow purr meep merp purr urble purrup :)

    requires further financing
  • hebron
    hebron Posts: 197 Forumite
    Looks like I'm OK then, thanks. I did read it on their website about the interest rates but evidently read it wrong.

    Thank you all for clearing that up.
This discussion has been closed.
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