alliance and leicester e saver rate 6.56%

downs523

alliance and leicester have raised there e saver interest rate to 6.56% for new applicants from 3rd sept. its a monthly interest account too

im with them and have been for roughly 5 months, great service and no probs so far. also very easy to use

Conrad

I couldn't sleep at night being with A & L. Am looking for a home for a lump sum and some of the Building societies seem much more secure to be, although am also looking at HSBC.

Stavros_3

A & L are safe are they not?. I have 90k with them in a 1 yr fixed and I'm sleeping like a baby

Speculator

The most I would save with any bank/building society is £25K to £30K. The Financial Services Compensation Scheme only covers 100% of the first £35,000.

bristolleedsfan

Those who dont have a A+L E-Saver should note that most 100% cashback sites, e.g Quidco, Cashback Kings, Getpoundsback, We Promise to offer 20.00 cashback for opening a new A+L E-Saver.

YorkshireBoy

It's a very easy £20 cashback (I've had it twice, and will be going for a third next month), but I wouldn't be rushing to put any serious money in here with the 'no interest in month of withdrawal' clause.

After all, someone else is bound to come along very soon with a (hopefully clean) 6.57% AER account which will knock them off the top of the table.

ad44downey

YorkshireBoy wrote: »

, but I wouldn't be rushing to put any serious money in here with the 'no interest in month of withdrawal' clause.

.

Any organisation that operates such a clause should be avoided on principle if nothing else.

freddysmith

But you can withdraw in the month of July without loosing interest for that month, unless I have read it wrong.

http://www.alliance-leicester.co.uk/savings/esaver.aspx?ct=sepesavermiddle

napoleon

yeah but why bank with someone who would try to catch you out like that. It's a scam

deano72_2

i cant see how its a scam,,,but must addmitt not read the small print,,im looking to put 35k in there

Speculator

deano72 wrote: »

i cant see how its a scam,,,but must addmitt not read the small print,,im looking to put 35k in there

Remember, if the unthinkable happens, only your capital (£35K) is covered. Any interest added to the account will take it over the £35K limit so won't be covered.