Alliance & Leicester - sneaky rate drop

soulsaver

mars wrote: »

As has been explained you can always check the rate online by putting the first 3 numbers of your account in the box and for Esaver its 5.97 AER, 5.81 gross and 4.65 net, eSaver2 is 6.3 AER, 6.13 gross & 4.9 net.

If you want to transfer money into your eSaver2 do it on the 1st day of the month so you dont lose interest.

Sorry to question it, but are you sure that's right? Are you saying you lose NO interest if you withdrawer on the 1st?

masonic

soulsaver wrote: »

Sorry to question it, but are you sure that's right? Are you saying you lose NO interest if you withdrawer on the 1st?

You lose no interest ONLY if you transfer the full balance out of the account for the whole month - the reason being that there is no balance to earn interest on during that month.

Newly_retired

Already posted this on another thread, but did you know A & L e-saver2 rate is going to drop on Monday 1 Dec to 5%.
I suspect it won't be the only rate drop. Soon there will be no decent rates worth having anywhere.

anna42hmr

thanks for the post, i didnt know it had dropped, thankfully i have opened up several accounts lately, so will pay the most into the one paying the highest, at least with them all on standing order, i can amend how much i pay in, now thinking i will pay less into this one and more into the skipton xmas account or the tesco account

already reduced how much was going into the sainsburys account when that dropped to 3.5%

mars_2

The new rates are up on the A&L website -

eSaver1 Gross 3.23 - AER 3.28 - net 3.25 I think the reason the net is larger than the gross is due to the .83% bonus.

eSaver2 Gross 4.89 - AER 5.00 - net 3.91

elektra

think I'll will still move funds from Esaver1 to Esaver2 on Monday as it will be quick transfer.

I'm tired of looking for/opening new accounts. Still waiting for Abbey and BM to drop rates.

soulsaver

Newly_retired wrote: »

Already posted this on another thread, but did you know A & L e-saver2 rate is going to drop on Monday 1 Dec to 5%.
I suspect it won't be the only rate drop. Soon there will be no decent rates worth having anywhere.

Yep ta... it's what reminded me to return to the question why their CS told me such a low figure.