is it worht toping up my a&l account extra 10k

deano72_2

i recently put 30k into one of those a&l esaver account at 6.5% can take out at any time...just wondereing now the 50k gaurentee is out whether to add extra 10k to it or just leave it sitting my current account at rubbish % interest rate

bryanb

Why not spread it around? ie Open another account. Tesco do 6.5% easy access

tom188

what an extraordinary question

ExBanker_2

You tell me which you would prefer, and there is your answer;

a) £520 cash after 12 months for the basic rate tax payer, in a typical 6.5% instant access savings account

b) £8 cash after 12 months in a current account earning a typical 0.01%

Both figures are net of basic rate tax (20%)

thrupence

deano72 wrote: »

i recently put 30k into one of those a&l esaver account at 6.5% can take out at any time...just wondereing now the 50k gaurentee is out whether to add extra 10k to it or just leave it sitting my current account at rubbish % interest rate

Why not open the A&L esaver2 @ 6.60%. I applied on Friday and mine was opened on Sunday.

There's also the issue of swopping between the old one and new one to avoid the interest penalty.

They're also having a £10,000 draw on 31/12/2008 and you get 1 entry for the first £10,000 you have lodged on 31/12 and an extra entry for each £1000. You also get this in the old esaver.