A&L esaver down 1.24%

savetilibleed

:huh: :exclamati and all other sort of exclamations. I just last night applied for one of these and got an email this morning to say I've been accepted. Hmm s'pose I should have guessed. Their info says interest rates will be adjusted within 31 days of a BofE base rate change. Hmm don't think I'll bother putting anything in with the restrictions there are with the account. Might even tell them I don't want it and close it.

Edit:Just seen their website - they are obviously in the process of updating. eSaver Issue 2 is now advertised at 5% AER but when the "Find out more" link is clicked, umm, well you don't. Unless you use the quick links to the interest rates, then you see 5% AER, 4.89% Gross.

Speed

savetilibleed wrote: »

Edit:Just seen their website - they are obviously in the process of updating. eSaver Issue 2 is now advertised at 5% AER but when the "Find out more" link is clicked, umm, well you don't. Unless you use the quick links to the interest rates, then you see 5% AER, 4.89% Gross.

It currently says "EARN 5.00% GROSS P.A./AER variable (4.89% gross monthly) if you don't make a withdrawal."

masonic

Hmm, their interest rates page (where you can type in the first 3 digits of your account number to get the rate) has shown the new rates for a few days now.

Veryunique_2

My eSaver 1 will be paying only 4.06% monhtly gross (incl. 0.83 bonus) from tomorrow.

If I don't want to lose interest I need to move the money tomorrow. Is it possible to switch directly into an eSaver 2 - which I have not opened yet ?
I don't have any other accounts with A&L and when I opened this one I had to go through a time consuming process including ID which took almost a month.

dealwithdebtdot

Veryunique wrote: »

My eSaver 1 will be paying only 4.06% monhtly gross (incl. 0.83 bonus) from tomorrow.

If I don't want to lose interest I need to move the money tomorrow. Is it possible to switch directly into an eSaver 2 - which I have not opened yet ?
I don't have any other accounts with A&L and when I opened this one I had to go through a time consuming process including ID which took almost a month.

My experince is that it is much quicker to open an account with them when you have one already. But I am not sure if that is because I have my current account with them too.

masonic

Veryunique wrote: »

If I don't want to lose interest I need to move the money tomorrow. Is it possible to switch directly into an eSaver 2 - which I have not opened yet ?

Your best bet is to apply for the esaver 2 now (as an existing account holder you should get accepted without needing ID). As soon as you get confirmation the account is opened, phone A&L and ask them to close your issue 1 account. They will hopefully allow you to transfer the closing balance to the esaver2 (tends to depend on the adviser whether they allow this).

savetilibleed

masonic wrote: »

Your best bet is to apply for the esaver 2 now (as an existing account holder you should get accepted without needing ID). As soon as you get confirmation the account is opened, phone A&L and ask them to close your issue 1 account. They will hopefully allow you to transfer the closing balance to the esaver2 (tends to depend on the adviser whether they allow this).

Late on Thursday I applied for an eSaver 2 (while it was still advertised at 6%) and got an email the next morning to say my application had been successful and they would write in a few days. I don't have any other accounts with them.

Several months back I applied for, well it was an eSaver (something) with A&L but nothing happened, no email or anything. I even printed out the DD agreement during the process. I phoned, but they had no record of me applying. I didn't bother again then.

I don't know how it is what they asked for would have authenticated me as me - not as though they ask for a driving licence or passport number.

masonic

savetilibleed wrote: »

I don't know how it is what they asked for would have authenticated me as me - not as though they ask for a driving licence or passport number.

They can pull electoral roll / council tax information from your credit files. That is usually sufficient to confirm your name and address.

trenchwars

A little off topic, but A&L seem to be offering £20 quidco cashback for opening an e-saver account - has anyone had this paid?

YorkshireBoy

trenchwars wrote: »

A little off topic, but A&L seem to be offering £20 quidco cashback for opening an e-saver account - has anyone had this paid?

Twice...and waiting for a third (although used different cashback sites each time).