EGG Money - 4% on positive balances

stphnstevey

Looks like they noticed!!! :rolleyes:

Interest on positive balances
From 24 April 2009 the interest rate you receive on positive balances will reduce from 4% pa/AER to 0.5% pa/AER and from 15 May 2009 interest will no longer be paid on positive balances. Because of this, Direct Debit payments will only be taken when you have a negative balance.

On a happier note there new insurances look pretty good though - although I am sure you'll need concrete evidence to be able to claim. And it certainly doesn't make up for the 4% rate.

A range of new insurances
We're adding some new insurances as standard, effective from 15 May 2009. These are all designed to offer extra protection on the things you buy:


Price promise – buy an item using your Egg Money card anywhere in the world and if you find it cheaper within 30 days, we'll refund the difference.
Extended warranty – use your card to buy any electrical item and get 12 months' additional warranty after the manufacturer's warranty expires.
Purchase protection – buy items with your Egg Money card anywhere in the world and you're covered against theft, loss or damage for 90 days after purchase.
Event cover – book event tickets using your Egg Money card and you're covered if you're unable to attend.

Full terms, conditions and exclusions for the above insurances will be provided to you by 15 May 2009. We will contact you when these are available.

RIP Egg money :sad:

obsessed_saver

Ah well, it was too good to last.

KTM_Gordo

Still better than we might have feared: the 1% cashback lives on :cool:

Egg Money is dead :sad: Long Live Egg Money World :cool2: