A&L Esaver3

Iconic

I see A&L have just come up with Esaver3 paying 3.6% gross.....
http://www.alliance-leicester.co.uk/savings/index.aspx

Any bets on how long the 4% on Esaver2 will last?

StevieJ

I am getting so p1ssed off with these A&L multiple accounts, are all the other banks as bad?

anna42hmr

youve beaten me to it, i just noticed that too tonight

the % is bound to drop soon, especially as 3 is paying less, and the 0.5 interest drop today, looking at the first issue esaver, its 2.13%, wonder if issue 2 will be on a par. not so good rate when you loose interest when you withdraw

can you have more than one esaver? ie a 2 and a 3?? saying that may just pay in to one of the other accounts (ie tesco, or my skipton xmas account)

the amnesty month for withdrawls appears to be feb for the 3rd issue (not july like the 2nd issue)

anticlaus105

I emptied my esaver 2 last night after i noticed the rate drop to 4% and figured it would drop again soon.

John898

eSaver Issue 2 (accounts beginning with 859)

Monthly Gross Gross AER Net £1 to £500,000 3.93 4.00 3.14
All our issue 2's are still at 4%

YorkshireBoy

anna42hmr wrote: »

can you have more than one esaver? ie a 2 and a 3??

Yes, but not two of the same issue (as I think you've worked out).

http://www.alliance-leicester.co.uk/customer-service/pdfs/Savings-terms-and-conditions.pdf (condition 36.6)

Don't forget to try a cashback site (they were doing £20, but not sure if they still are).

SavingSteve

anticlaus105 wrote: »

I emptied my esaver 2 last night after i noticed the rate drop to 4% and figured it would drop again soon.

You would've lost yourself 7 days worth of interest.

I would guess that eSaver 2 will drop to 3.5%, incorporating the half point cut, effective Feb 1.

For that reason I am going to open an eSaver 3, and wait and see what A&L do.

If the 3 ends up paying more than the 2 then it is a phone call on the 1st of the month to transfer funds over.

I also have my application with Tesco in the works, just waiting for all paperwork to go through, and to run a few test transactions before I move all savings across.

Managed to get the bonus, so I think they'll be the highest payer for a while yet.

anna42hmr

YorkshireBoy wrote: »

Yes, but not two of the same issue (as I think you've worked out).

http://www.alliance-leicester.co.uk/customer-service/pdfs/Savings-terms-and-conditions.pdf (condition 36.6)

Don't forget to try a cashback site (they were doing £20, but not sure if they still are).

thanks for the reply, i appreciate it

gonzouk

A&L Issue 2 will prob be 3.60% on Feb 2nd, and 3.10% on March 2nd if there is a further 0.50% base cut. It should be on par with issue 3 for a while i imagine.

Tesco is a better bet, but its annual interest.

SavingSteve

Well Issue 1 is a lot lower than Issue 2, so have no faith in A&L keeping Issue 2 & 3 on par!

trenchwars

Can't see any Quidco for Issue 3 yet, so I'd wait a bit before opening an account.