Egg Money Card Interest rate change on positive balances

sabretoothtigger

So whats the alternative now for good interest and easy access. I can only think of that lloyds one for 5-7k?

cepheus

Better move fast since the Egg Money transfer can take up to 10 working days! Ouch!

Innys

Not really a surprise, but good while it lasted. I will have to start moving money around - again.

mr_fishbulb

Has anyone's money lef ttheir egg money account on its way to their bank yet?

I did a transfer last night and it's still showing in my Egg money account.

funkyhitman

mr_fishbulb wrote: »

Has anyone's money lef ttheir egg money account on its way to their bank yet?

I did a transfer last night and it's still showing in my Egg money account.

You're expecting it to transfer in 1 day? :rotfl:

See you in 7-10 mate.

mr_fishbulb

funkyhitman wrote: »

You're expecting it to transfer in 1 day? :rotfl:

See you in 7-10 mate.

Was expecting 7-10 until it hit my current account, but there should be at least something on the Egg statement saying it's in progress.

It's as if they want me to think there is more money on it than there actually is and spend some of it.

cepheus

Well it has just disappeared from Egg money after 2 days of the transaction. Obviously nothing in the destination account.

I'd be interested to know over what period the interest is lost between going from one account to another, perhaps it is less important nowadays admittedly.

funkyhitman

mr_fishbulb wrote: »

Was expecting 7-10 until it hit my current account, but there should be at least something on the Egg statement saying it's in progress.

It's as if they want me to think there is more money on it than there actually is and spend some of it.

Wow, really? I'm surprised its showed up so quickly. In that case I should apologise for laughing because I thought it would take ages! Egg always takes 2-3 days to update the statement so it'll show up soon.

Paul_Herring

funkyhitman wrote: »

Egg always takes 2-3 days to update the statement so it'll show up soon.

It's a credit card, not a current/savings account. Transactions can (unusually) take anything up to months to appear on a credit card. Typically up to 5 days.

Customers are (well certainly recently) treating this as a savings account. It isn't.

(Not that I'm condoning late reporting of transactions, but still...)

funkyhitman

Paul_Herring wrote: »

It's a credit card, not a current/savings account. Transactions can (unusually) take anything up to months to appear on a credit card. Typically up to 5 days.

Customers are (well certainly recently) treating this as a savings account. It isn't.

(Not that I'm condoning late reporting of transactions, but still...)

Yes I'm fully aware of this. I wasn't comparing it to a current/savings account. It just so happens that any new transaction shows up in 2-3 days on my egg credit card statement, similar to current/savings account timeframes.