Nationwide E-Savings

UKays_Finest

First Direct are offering 4.89% gross p.a on their e-savings a/c. By far the best going rate i've seen so far, but as angelica said, for how long...

grumbler

A&L online saver issue 2: 5.15% gross p.a./AER (variable) includes
bonus of 0.90% until 31.03.07, max balance £25K.

Are there any pitfalls that I am not aware off?

YorkshireBoy

grumbler wrote:

A&L online saver issue 2: 5.15% gross p.a./AER (variable) includes
bonus of 0.90% until 31.03.07, max balance £25K.

Are there any pitfalls that I am not aware off?

Just signed up myself grumbler. The way I see it, is they'll have to make 3 x 1/4 point rate cuts before it drops below 4.5%.

BTW, I've never seen you ask a question before - you're normally answering them, so this is a first!

grumbler

YorkshireBoy wrote:

Just signed up myself grumbler. The way I see it, is they'll have to make 3 x 1/4 point rate cuts before it drops below 4.5%.

I've already signed up too. Where this information about stepped cuts come from?

BTW, I've never seen you ask a questions before - you're normally answering them, so this is a first!

I didn't mean to post it as a straightforward question. It was supposed to sound like a camuflaged answer or advice ...

YorkshireBoy

grumbler wrote:

Where this information about stepped cuts come from?

It's not information as such. Just my thoughts that, because the 0.9% bonus is fixed for around 14 months, then they would have to make 3 cuts to the underlying rate before the overall rate falls below the fairly standard 4.5 - 4.65% rates paid by many providers.