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A&L Online Tracker
eeetee
Posts: 126 Forumite
I am considering putting some savings into a new account.
The online Tracker seems competitive, it states "The underlying rate (rate excluding bonus) is GUARANTEED to equal or exceed the Bank of England base rate until 31 January 2011"
In practise, and of course we can only estimate, what sort of rate would i expect in 6-12 month time. Should the base rate fall then so will the interest rate, so i could still be left with a uncompetitive account?
So to ensure a competitive rate should i really opt for a fixed rate bond but therefore loose aces to the money?
The online Tracker seems competitive, it states "The underlying rate (rate excluding bonus) is GUARANTEED to equal or exceed the Bank of England base rate until 31 January 2011"
In practise, and of course we can only estimate, what sort of rate would i expect in 6-12 month time. Should the base rate fall then so will the interest rate, so i could still be left with a uncompetitive account?
So to ensure a competitive rate should i really opt for a fixed rate bond but therefore loose aces to the money?
0
Comments
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its about to be withdrawn - from moneyfacts
Alliance & Leicester ONLINE TRACKER will be withdrawn w.e.f. 31.12.08, REWARD SAVER will be withdrawn and replaced, EASYSAVER re-tiered and variable rates reduced by up to 1.00% w.e.f. 2.1.09...0
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