Egg announces....

Lynt_3

Mr_K wrote: »

They're still honouring the 6.3% account though, and the 6.55% account hasn't dropped for the moment...

I think the 6.55 is now 5.05. Maybe I'm reading it wrong

http://new.egg.com/visitor/0,,3_54050--View_451,00.html


I am soooo glad I grabbed the fixed!


I don't like the look of this though

http://www.nytimes.com/2008/11/14/business/14place.html

Loco

Lynt wrote: »

I think the 6.55 is now 5.05. Maybe I'm reading it wrong

yeah [FONT=Arial, Helvetica, sans-serif]for Egg Savings Accounts opened between 11 October and 7 November 2008.....I`m certain many people will now be on this rate ......What`s everyone on these going to do now? Hunt around for a new account? In the end it might nt make much difference as everyone is dropping their rates like crazy
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Mr_K

yes, I read it wrong (still half asleep...) the 6.55 % account has dropped to 5.05%.

Baldur

Lynt wrote: »

I am soooo glad I grabbed the fixed!

Me too. Those little words "FR Savings" at the top of the account page are extremely reassuring in the current financial climate.

dodgy

Baldur wrote: »

Me too. Those little words "FR Savings" at the top of the account page are extremely reassuring in the current financial climate.

I don't see that it says that anywhere on the Egg site (and my savings account fell under the fixed rate time window).

Baldur

dodgy wrote: »

I don't see that it says that anywhere on the Egg site (and my savings account fell under the fixed rate time window).

Screen capture from my account page:

ldn-100

I have the 6.3% fixed and (as was) 6.55% variable rate account. I can't work out from the site exactly what rate the variable is now on - and when I called Egg just now the operator was also unsure.

Baldur

ldn-100 wrote: »

I can't work out from the site exactly what rate the variable is now on - and when I called Egg just now the operator was also unsure.

http://new.egg.com/visitor/0,,3_54050--View_451,00.html

[FONT=Arial, Helvetica, sans-serif]Egg Savings Account (Internet) introductory rate (for accounts opened between 11 October and 7 November 2008) [/FONT][FONT=Arial, Helvetica, sans-serif]5.05% gross pa/AER variable for 12 months (subject to conditions)

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oldfella

I don't see that it says that anywhere on the Egg site (and my savings account fell under the fixed rate time window).

---

the account name is a user completed option

apt

You get the relevant info if you click on the view historical interest rates:

'Accounts opened with new money to Egg from 8 May 2008 to 10 October 2008 receive an introductory offer rate of 6.30% gross pa/AER fixed for the first 12 months from the date the account is opened (paid annually). The standard variable rate for the account is currently 3.25% gross pa/AER.'

So providing it was new money and you fall within the dates you've got a very useful account for a year from its opening which you can continue to fund.