New A&L 10% Regular Saver

Dagobert

isasmurf wrote:

I don't know whether they still do, but a couple of weeks ago I opened an Online Saver account, and when I completed the application they then offered me a link to get £50 cashback if I opened a Premier Direct at the same time.

Indeed, in December A&L offered the so-called £50 cashback incentive:

£50 cashback offer is only applicable to new Alliance & Leicester current account customers opening a Premier Direct Current Account or a Premier current Account who have also applied online for an Alliance & Leicester Personal Loan, Direct ISA or Online Saver in the last 24 hours.

Once you had completed the online application for their Online Saver, there was a button at the bottom at the page "£50 cashback", which took you through to the Premier account application. The eligibility criteria were the same as for the Recommend a Friend scheme.

I think this incentive was on offer for a short while only.

lipidicman

Dagobert wrote:

Indeed, in December A&L offered the so-called £50 cashback incentive:

Once you had completed the online application for their Online Saver, there was a button at the bottom at the page "£50 cashback", which took you through to the Premier account application. The eligibility criteria were the same as for the Recommend a Friend scheme.

I think this incentive was on offer for a short while only.

I got this on opening my OLsaver issue 2. I had opened a Premier Direct account only a week earlier!. I wrote a letter saying I was disappointed that I had to do things in a specific order to qualify and was not told this order until the deal was done. I was polite and forthright. They took nearly two months, but I received a cheque for £50 the other day!

theJudge

There's other posts on https://www.fool.co.uk which mention A&L not paying this incentive. Personally, I'm glad I dumped their account when I realised how complex they made it.

lipidicman

Yes, I should point out that I haven't had the "find a friend" payment yet, still I usually get what I want........

$17mma

Anyone know if on opening this reg saver if you can make an initial deposit like with the Lloyds reg saver?

Voyager2002

$17mma wrote:

Anyone know if on opening this reg saver if you can make an initial deposit like with the Lloyds reg saver?

No, the only way to put money in is by your regular payment.

Aark

$17mma wrote:

Anyone know if on opening this reg saver if you can make an initial deposit like with the Lloyds reg saver?

No you can't.

When you open the current account you just get the option to setup a monthly amount for the Regular Saver account.