alliance and leicester e saver issue 2

anna42hmr

has anyone else taken up this account? how long did it take to set up, and have you had any problems with them? just wondering as i have applied today and have never had an account with a&l before. with the fact ive had a few problems with a couple other accounts i have opened up recently, just wondering what peoples experiences have been

andromache_2

I already have A&L accounts and when I applied for an issue 2 esaver it appeared on my list of accounts the very next day, which I thought was quite impressive! I can't use it yet as I can only transfer the funds across from the issue 1 on the 1st of December but it's there ready and waiting All my accounts with A&L have been very quick and painless to set up so I would go for it if I were you. Don't forget the £20 caskback through quidco

LucyTheDwarf

I attempted to open issue 1... Never got sent my log in for the online banking - phoning didn't help, as they just assured me they'd send it in the post within 7 days. I never got it. I didn't fund the account at all, but did get the Quidco cashback, so I guess I didn't do too badly out of it.

They've now written to me saying I need to fund the account by 30th November - fat chance!

Vectra

been waiting a month now since calling in local branch to have docs verified never heard a thing since so ---****--
em money now gone elsewhere

Swipe

The rate on this account will plummet at the end of the month. I'd wait and see how low it falls before applying.

NonGeographicalMan

andromache wrote: »

All my accounts with A&L have been very quick and painless to set up so I would go for it if I were you. Don't forget the £20 caskback through quidco

Thanks for the Quidco tip as I was considering putting my Icesave money in this account.

However the fact that they have an Issue 1 and Issue 2 obviously suggests they will keep ditching and switching and only giving the best rates of interest to their newest investors. Its more cunning than the one year bonus merchants as it doesn't look like there is an obvious catch (unlike the one year lock in) but all they have to do is keep starting a new series every three months at which point they can then cut the rate on the legacy no longer available series and rely on you not having the energy to be observant and keep on moving. The same thing is happening with the likes of Scottish Power and Powergen on their energy tariffs with only new customers getting the best deals even thogh older customers can switch across to the latest tariffs if they know about them..................

NonGeographicalMan

Swipe wrote: »

The rate on this account will plummet at the end of the month. I'd wait and see how low it falls before applying.

I suspect a one year fixed bond at say 5.5% is a better bet except that sadly I can't afford to tie up all my money for that long as i need several thousand quid of it for the taxman in January.:eek:

savetilibleed

anna42hmr wrote: »

has anyone else taken up this account? how long did it take to set up, and have you had any problems with them? just wondering as i have applied today and have never had an account with a&l before. with the fact ive had a few problems with a couple other accounts i have opened up recently, just wondering what peoples experiences have been

I went through the online application for an A&L e-saver some months ago (don't know whether it would have been issue 2 or not now). But nothing happened. It appeared to work OK, but I got no confirmation email. I phoned a day or so later an they simply and in a rather "oh well" manner just said do it again. Hmm I didn't bother. By that time I'd discovered the delights of the (then) 6.51% of B&B and, well we all know how that has dropped. Hmm praps I'll have another go. Can be done via Quidco? Hmm. I joined recently but never used.

NonGeographicalMan

savetilibleed wrote: »

Can be done via Quidco? Hmm. I joined recently but never used.

Quidco are a very reliable outfit. They always pay up on all the transactions commenced through their website, although I do always take the precaution of always clearing my cookies and web cache before logging in to their website and commencing any transaction from there with one of the retailers they pay commission on.

AlanW_2

IMHO A&L are ok. I have several accounts with them. Good address history (I opened accounts just before moving) and on the register of electors got me through anti-money-laundering checks with little pain. They are a bit prone to introductory bonuses and had Online Saver issue 1 and then issue 2 in a similar way to eSaver so you have to watch them closely.

I would say that the online view of your accounts is not quite the same as I think they get inside the organisation so things can be a day behind in some cases.

anna42hmr

thanks for the replies everyone