Alliance Leicester eSaver 2

sarg69cat

Hello all! Just a quick question, is it possible to open an eSaver issue 2 account at an AL branch or does it have to all be done on line/through the post?

Thanks

happeechapee

sarg69cat wrote: »

Hello all! Just a quick question, is it possible to open an eSaver issue 2 account at an AL branch or does it have to all be done on line/through the post?

Thanks

It has to be done online, I phoned and asked the very same question.

Baldur

sarg69cat wrote: »

Hello all! Just a quick question, is it possible to open an eSaver issue 2 account at an AL branch or does it have to all be done on line/through the post?

It's shown as online only HERE

freddysmith

Thats why the interest rate is quite high as you only can apply & manage your account Online. Its easy to apply online, I have 2 esaver accounts.

YorkshireBoy

£20 cashback is also available for applications made via Quidco, cashbackkings, Quanti, et al.

freddysmith

YorkshireBoy wrote: »

£20 cashback is also available for applications made via Quidco, cashbackkings, Quanti, et al.

Ohooooo Yessss :beer:

srichards

YorkshireBoy wrote: »

£20 cashback is also available for applications made via Quidco, cashbackkings, Quanti, et al.

ah shoot, i wish i'd seen this not 5 minutes ago!!!

manhar

Went to find out the current rate for esaver2 and was told 6.3%. Bank base rate today is 3%. So how come they are able to give 3% more? I thought variable rates were only slightly higher tha base rate. What I mean is that if the base rate goes to 2% will I still get 3% more? And hpw do A&L decide on what their rate will and should be?

Baldur

The eSaver Issue 2 only guarantees to be 0.5% above BoE base rate until 28/02/2010
http://www.alliance-leicester.co.uk/savings/esaver.aspx

The AER is guaranteed to be at least 0.50% above the Bank of England Base Rate, until 28 February 2010 giving you long term value.*

*The interest rate will be adjusted within 31 days of a Bank of England base rate change.

mars_2

manhar wrote: »

Went to find out the current rate for esaver2 and was told 6.3%. Bank base rate today is 3%. So how come they are able to give 3% more? I thought variable rates were only slightly higher tha base rate. What I mean is that if the base rate goes to 2% will I still get 3% more? And hpw do A&L decide on what their rate will and should be?

I dont understand all this 3% base rate stuff either but I guess the reason they can give 6.3% on savings is because they are offering loans at 8.9%

manhar

Baldur wrote: »

The eSaver Issue 2 only guarantees to be 0.5% above BoE base rate until 28/02/2010
http://www.alliance-leicester.co.uk/savings/esaver.aspx

Does this mean that once they've roped you in with a 6.3% offer, they can then take the rate down to 3.5% (ie 0.5% above BoE) when they feel like it?