NatWest and A&L e-Savers - interest rates dropped

Jennifer_Jane

Hi

I'm hoping that Yorkshire Boy will see this and comment, but all comments welcome...

Like so many other MSErs, I put some money (actually stooze money) into the NatWest savings account (another thread here today gives the latest interest rate fall), and the A&L Account.

Is there any reason to keep these now? I am with Egg Money, and their interest rate remains at 4% (not sure how much longer of course).

I wondered if there was any good reason for staying with these two savings accounts any longer?

Thanks
Jen
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YorkshireBoy

I have £1 in each of the accounts you mention, but won't be putting any more in until rates improve. Keeping NatWest in 'reserve', and only opened A&L for the £20 cashback (on my third now )

I wouldn't rely on Egg Money. In fact, I expect Egg Money to cut it's rate (and possibly cashback?) substantially this month (no inside knowledge, but the card's been withdrawn for new customers and they must have taken a heck of a hit on the 6.3% fix they offered last year).

Despite it's terrible reputation, it looks like the Tesco Internet Saver is the best around at the moment for instant access.

Jennifer_Jane

Thanks, YorkshireBoy, you're one of the stalwarts of this site. Thanks for all your time and energy!

Happy New Year!

Jen
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