Alliance and Leicester Online Saver Account

Dan29

I've just had a letter from A&L saying that the interest rate on the Online Saver Account (issue 1) has dropped to 4.5% for balances under £30,000. Just thought it was worth a mention for any account holders who weren't aware. I'm off to work out whether it's worth moving my money to another savings account :think:

EDIT: I can't find anything in the Online Saver Account (issue 2) T&Cs to say I can't open one and move my money to that - have I missed something?!

EDIT 2: From A&L website:
"Can I have more than one Online Saver?

No. It is only possible to maintain one Online Saver from each Issue per person. If you decide to open a joint account, you cannot also maintain another account in your name, sole or joint. However, if you already maintain an Online Saver you may also open an Online Saver Issue 2."

So when they say no, what they mean is, yes Have just applied so 5.15% here I come!

jennyben10

Yeh, i got the same letter. Thats the 2nd or 3rd time the interest rate has fallen. I want to find an alternative account to use as an overspill for my ISA. any recommendations in to a good % interest savings account?

Thanks
Jen

Mr_Mumble

Stonk mentioned this more than a week ago. Getting the info via post, rather quaint.

Dan29

Mr_Mumble wrote:

Stonk mentioned this more than a week ago. Getting the info via post, rather quaint.

Oops didn't see that due to only being able to search for "Alliance", not "A&L". :rolleyes:

It doesn't seem on informing people by post of a rate change that happened a week ago!

ioscorpio

I rec the same letter today, I opened an Online Saver 2 account when they were first issued and transferred my savings from my Online Saver account to it, but left £1 in it for when the bonus rate stops on the Online Saver 2 account. as the rate has dropped to 4.5%, I will look around for the best offer or put it in my Nationwide e-saving account.

funex

Can anyone tell me if you can easily transfer funds between the two Online Saver Accounts, and if so how long it takes.

SuzySF

HHEELLPPP my husband got this letter too, this morning. right now I'm trying to open on Online Saver 2 account - but it wont accept the account number we have of the current online saver we have ...anyone else had this prob ????

SuzySF

correction "but it wont accept the account number of the current online saver HE has ...anyone else had this prob " LOL it was just pointed out that it's HIS saving and when did it change to WE - uummmmmm when we got married ????? rofl

Horasio

I have just applied for their account - is it still 5.1%

Also, I am looking to change to their current account. Where can I use the cash withdrawal card without charge?

Doppleganger

SuzySF wrote:

HHEELLPPP my husband got this letter too, this morning. right now I'm trying to open on Online Saver 2 account - but it wont accept the account number we have of the current online saver we have ...anyone else had this prob ????

Are you puttting in the correct number? A&L's own 9 number acc code and not the tradditonal 8 number code. - just my 2cents worth

Doppleganger

CCStar wrote:

I have just applied for their account - is it still 5.1%

Also, I am looking to change to their current account. Where can I use the cash withdrawal card without charge?

You can use their cash card in almost any cash machine displaying the LINK sign for free or withdraw cash at any post office (or sub branch) if you can find one still open :rolleyes:

The interest rate for the Premier Direct Current Account is 5.00% AER (fixed until 31.03.07) on balances up to £2,500, 0.10% AER (variable) on balances over £2,500.

I've also applied for the Online Saver 2 @ 5.15% AER as I have Issue 1 @ 4.15%.

- Dop

Edit: Wooo-hoo - just been accepted and it only took 10mins!!

Dear Mr Dop

We are delighted to advise you that your application for an Alliance &
Leicester Online Saver Issue 2 has been successful. For security reasons,
we will write to you by post in the next few days with your new account
number and details of how to use your account, including how to pay money
in.

Further information about your account is available by accessing your
account User Guide at https://www.alliance-leicester.co.uk/onlinesaveruserguide .

If you have not received any correspondence from us within 10 working days
then please call 08703 330 213.

This message is for information only. There is no facility to reply to
this message directly by email.

Eddie Rowe
Customer Services Manager