Egg announces....

~Chameleon~

Baldur wrote: »

Screen capture from my account page:

Surely that's what you called the account when you opened it?

Baldur

~Chameleon~ wrote: »

Surely that's what you called the account when you opened it?

Yup, had forgotten that it was 'user defined' - still comforting, though...

~Chameleon~

I guess this means I cannot transfer funds from the now 5.05% account to the 6.3% one ...

[FONT=Arial, Helvetica, sans-serif]The Egg Savings Account (Internet) introductory rate offer

Please be aware that transfers by internal transfer from an existing Egg Savings Account (Internet) or Egg Savings Account (Investor) are not permitted during the twelve months from the date the account is opened.[/FONT]

mary

Go to Egg Homepage
Go to Grey box on rt hand side headed Banking, click on Savings Accounts
Go to Green box on rt hand side headed Savings, click on Egg Savings Account
Go to Grey box on rt hand side headed Features and Tools, click on Interest Rates
Click on Orange Egg Savings Rates and there you have it:

Egg Savings Account (Internet) introductory rate (for accounts opened between 11 October and 7 November 2008)5.05% gross pa/AER variable for 12 months (subject to conditions

~Chameleon~

Lynt wrote: »

I don't like the look of this though

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

No, that is rather worrying to say the least. However, I'm not about to go taking out all my money in a panic and I will be depositing several thousand more over the next week or two, assuming they will allow us to continue making deposits.

Am I crazy? Possibly!

I'll certainly be keeping a close eye on things though and welcome the opinions of others and how they feel about the current situation.

Baldur

~Chameleon~ wrote: »

I guess this means I cannot transfer funds from the now 5.05% account to the 6.3% one ...

Not.........internally.

~Chameleon~

Baldur wrote: »

Not.........internally.

True! Not yet had enough :coffee: to allow my brain to function properly

Lynt_3

~Chameleon~ wrote: »

No, that is rather worrying to say the least. However, I'm not about to go taking out all my money in a panic and I will be depositing several thousand more over the next week or two, assuming they will allow us to continue making deposits.

Am I crazy? Possibly!

I'll certainly be keeping a close eye on things though and welcome the opinions of others and how they feel about the current situation.

If you hear anything new before I do, please post it on here.
All a bit scary :eek:
I was planning adding more in next few weeks to take me to the 50K max (protected)
I guess I may be crazy too!
Everything crossed.

Mr_K

I would sleep easy if I were you. As mentioned earlier Citigroup are the largest bank in the world. Therefore not only are they going to feel the credit crunch more than anyone else but are also more likely to survive it .You're taking no risk as long as your not investing more than 50k. (Icesave customers are getting all their money back even though they didn't have the same level of protection.)

However if you've heavily invested heavily in the shares or your pension is linked to the stockmarket then you have my permission not to sleep.....

I'll be busy filling mine and my wife's 6.3% Egg accounts today to about 47k each - always safe to allow a bit of room for interest.:cool:

YorkshireBoy

~Chameleon~ wrote:

I guess this means I cannot transfer funds from the now 5.05% account to the 6.3% one ...

Baldur wrote: »

Not.........internally.

I'm not so sure...

_Egg_6.30%_T&C's wrote:

"New Money" means any money not held in any Egg Savings Account (Internet) or any Egg Savings Account (Investor) opened prior to the Introductory Offer Period.

http://new.egg.com/visitor/0,,3_108641--View_2306,00.html

Since the (now 5.05% paying) 6.55% account MUST have been opened AFTER the 6.30% account, it's not "new money" (as defined by Egg) is it?