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Egg announces....

13567…10

Comments

  • Lynt_3
    Lynt_3 Posts: 235 Forumite
    Lavendyr wrote: »
    It's fixed for 12 months from account opening but you can't get one anymore.

    I have one, but just wondering if they are able to change rate, despite saying it is fixed. What is the difference between their 'fixed' and other banks with fixed bonds?

    :confused:
    I think I am just getting paranoid.
  • tom188
    tom188 Posts: 2,330 Forumite
    What is the difference between their 'fixed' and other banks with fixed bonds?
    Nothing, apart from the ability to make unlimited deposits and withdrawals. Fixed means fixed just like variable means variable.
    I think I am just getting paranoid.
    Indeed.
  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    tom188 wrote: »
    Nothing, apart from the ability to make unlimited deposits and withdrawals. Fixed means fixed just like variable means variable.
    Thus, if the worst did come to the worst you would be unable to make additional deposits and only earn interest at the contractual rate on what was left in there on the effective date - rendering the Egg account into a 'bond'
    .....under construction.... COVID is a [discontinued] scam
  • Lynt_3
    Lynt_3 Posts: 235 Forumite
    tom188 wrote: »
    Nothing, apart from the ability to make unlimited deposits and withdrawals. Fixed means fixed just like variable means variable.

    Indeed.

    ... ;) ...
  • Lynt_3
    Lynt_3 Posts: 235 Forumite
    Still no change.
    How odd.
    What's occurring??
  • ~Chameleon~
    ~Chameleon~ Posts: 11,956 Forumite
    10,000 Posts Combo Breaker
    I've just had a very horrible thought! :eek:

    What if they decide to stop any further deposits being made into the fixed 6.3% account? _pale_
    “You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”
  • crumpetman
    crumpetman Posts: 339 Forumite
    ~Chameleon~ wrote: »
    I've just had a very horrible thought! :eek:

    What if they decide to stop any further deposits being made into the fixed 6.3% account? _pale_

    Wouldn't they have to give 30 days notice for a change in the t&c
  • ~Chameleon~
    ~Chameleon~ Posts: 11,956 Forumite
    10,000 Posts Combo Breaker
    crumpetman wrote: »
    Wouldn't they have to give 30 days notice for a change in the t&c

    I certainly hope so!
    “You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”
  • ~Chameleon~
    ~Chameleon~ Posts: 11,956 Forumite
    10,000 Posts Combo Breaker
    Milarky wrote: »
    Thus, if the worst did come to the worst you would be unable to make additional deposits and only earn interest at the contractual rate on what was left in there on the effective date - rendering the Egg account into a 'bond'

    Ooops! didn't notice you'd already suggested something similar when I posted above :o
    “You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”
  • Sam37
    Sam37 Posts: 117 Forumite
    ~Chameleon~ wrote: »
    Ooops! didn't notice you'd already suggested something similar when I posted above :o


    Could the two of you stop putting ideas in their mind please:D

    At least the rates for current savers remain unchanged for the mo, and they don't seem overly eager to get new funds in.
This discussion has been closed.
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