A & L rate

FNUSNU

HI, I've had the 5% rate for my account for a year now so it's dropped down to the lower level. New customers are getting the 5% still. Is it worth saying I'll close the account unless I'm bumped back up to the 5%? They should be showing loyalty to their existing customers, not just the new ones!

Cheers!

sleepless_saver

If you're talking about the Online saver savings account, the only way to increase the rate and stay with A&L if that is what you want to do is to transfer to their new Online Saver issue 2 which is at 5.15% at least till end March 2007. IMHO there is no point trying to negotiate on the interest rate on the savings account you have at the moment (unlike almost anything else to do with money - though if anyone has managed to acchieve an improved rate by haggling I'd be really interested to hear about it;). )

jimclark1967

You seem to be talking about the Premier Plus (now Premier Direct) current account. I'd say you are highly unlikely to negotiate a better rate given that the drop after 12 months was part of the terms & conditions you signed up to - no harm in asking I suppose

Banks as a whole aren't loyal to their customers and there's no reason why you should stay with A&L either, plenty more fish in the sea, though granted not as big or colourful as A&L make themselves appear to new customers :cool:

JC

tomstickland

As I've recently discovered, you've got to keep moving with this banking/saving lark. No account stays at a headline rate forever. TBH, current accounts probably have an average balance of £500 per year and at 5% that's £20 interest ish per year. But it makes me feel better having a maxxed rate on it.

Glad

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