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Feel a bit conned by A+L
Ike1
Posts: 34 Forumite
Hi-
I opened a reg saver with A+L last Feb (interest rate was 10% at the time). The account is due to mature later this month on the 20th of Feb and I've been making monthly £250 payments.
However, it seems as though the interest on the account was added in Dec 06. I thought that the account would have the interest added when the account matures later this month. This then means that I've lost two months of interest!
Not impressed!
I opened a reg saver with A+L last Feb (interest rate was 10% at the time). The account is due to mature later this month on the 20th of Feb and I've been making monthly £250 payments.
However, it seems as though the interest on the account was added in Dec 06. I thought that the account would have the interest added when the account matures later this month. This then means that I've lost two months of interest!
Not impressed!
0
Comments
-
No you havent lost out
Mine paid £93.03 net in December and a further 38.46 net on maturity date, which was slightly more interest than I would have expected if paid in one sum0 -
If its like their ISAs (which also had the interest added at the end of the year) then they will credit the rest when it matures or you transfer it away.0
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Yay! Great news!
Thanks guys
Ike0
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