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A&L eSaver 2

The_Fiddler_2
The_Fiddler_2 Posts: 565 Forumite
in Savings & investments
Are there any catches or should we be moving our dosh from eSaver to eSaver 2 on the 1st of October.
Noobie (not so :D) trying to make loads a dosh - please bear with all my questions :beer: Thanks :D


Comments

  • paulboy83
    paulboy83 Posts: 255 Forumite
    The main catch as I see it is the loss of interest any month you take your money out (except july) that and the bonus period meaning the interest rate will go down after the bonus period. As for should you be moving your money, take a look at the best buy tables on here, moneyfacts etc for more info.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    paulboy83 wrote: »
    ...that and the bonus period meaning the interest rate will go down after the bonus period.
    There doesn't appear to be a 'bonus period' on the new eSaver Issue 2 account (as there was with Issue 1).
  • EalingSaver
    EalingSaver Posts: 365 Forumite
    paulboy83 wrote: »
    The main catch as I see it is the loss of interest any month you take your money out (except july) .

    Hence move all of it on the 1st of the month, then interest loss is minimal/zero.
  • paulboy83
    paulboy83 Posts: 255 Forumite
    YorkshireBoy wrote: »
    There doesn't appear to be a 'bonus period' on the new eSaver Issue 2 account (as there was with Issue 1).


    good spot! I'd assumed it was the same... (and one should never assume as it makes an !!! out of u and me... :rolleyes: :p
  • finder
    finder Posts: 110 Forumite
    I think if you go through quidco you'll make an extra £20!
This discussion has been closed.
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