FAO: Alliance & Leicester 10% ISA Holders

masonic

michaels wrote: »

So although not officially stated it is equivalent to direct ISA plus 6% until 1 June?

Yes. It's certainly worth keeping until then, since the rate can't drop much further than it has, but you'll want to transfer out in June.

masonic

Deleted_User wrote: »

But I was very sure the advert for this definitely said something about not dropping the rate below 10% until 1 June 2009. I should have taken a screenshot I guess. Maybe I misread it.

They probably said something along the lines of 'earn 10% gross p.a (variable) ... including a bonus ... fixed until 1 June 2009' and you interpreted the whole rate as being fixed, rather than just the bonus rate.

michaels

masonic wrote: »

They probably said something along the lines of 'earn 10% gross p.a (variable) ... including a bonus ... fixed until 1 June 2009' and you interpreted the whole rate as being fixed, rather than just the bonus rate.

Silly me...and several other people evidently :rotfl:

InMyDreams

Interest is now down to 6.3% (as of 2 March 2009) for anyone with this account. Not bad given the current climate! Hopefully it'll stay there till June now.

rone

What does it revert to in June?

Still not bad at the moment.

blinko

it will basically go down 1% from now on until june 2009

MrChips

For anyone with one of these, probably time to initiate proceedings to move it elsewhere so it is in a better paying account by 1 June...

michaels

Currently paying 5.8%, I have already moved my to the last 2 months of my 6.5% ltsb - where it all goes after 5th June who knows

InMyDreams

Still paying 5.8% but it was supposed to have gone down yesterday to the 'underlying Direct ISA rate' which I thought was 0.1%.

Website definitely still says 5.8% though (as of lunch time today). Can they change it later/tomorrow/next week/next month... and backdate the change to the 1st, claiming that that was what was in the T&C?