A&L Online Saver 2 (merged)

Limes

Rate change!!!!

0.9% Intro bonus has been removed and rate now 4.25% on the account, down from its 5.15%!

Might have been mentioned already though, apologies if it has.

amy21_84

yer i saw that, it wont change for people who joined when it was high untill next march tho will it!??

Does it let you know your rate when you are logged in like halifax does or not? I cant seem to find it!

LumpyCustard_2

Yes, I just noticed that change too. Pity, because I was about to open an account on Friday and decided to leave it until after the weekend.

HGLTsuperstar

Please can anyone confirm that existing holders are still on 5.15%

grumbler

HGLTsuperstar wrote:

Please can anyone confirm that existing holders are still on 5.15%

previous rates :

Online Saver Issue 2 rates

5.15%†
Rates effective from 09/01/06 to 12/03/06. ....
†Includes bonus of 0.90% fixed until 31/03/07

HGLTsuperstar

Yes I know that, so does that mean then that current holders are still getting the discount but new holders dont?

grumbler

HGLTsuperstar wrote:

...does that mean then that current holders are still getting the discount but new holders dont?

Can you offer some other way of interpretation?
I don't think that 'discount' is the right term though ...

PZH

"Rates effective from 09/01/06 to 12/03/06. ....
†Includes bonus of 0.90% fixed until 31/03/07 "

Thanks Grumbler - saw the new rate and swore a bit until I read the "previous rates" page. I assume the bonus is still being applied, but I might ring A&L just to confirm it...

If I do I will let this board know the outcome.

codetown

What I don't understand is why don't they just change the name of the new issue to Issue 3 and change the rate accordingly?

That way you would have crystal clear distinction among different users, and not two different users on the same saving issue ganing different interests!!!!

I assume the fixed 0.90% bonus interest must be given to existing customers to 31/03/07, but it is not clear on top of which base interest!

grumbler

codetown wrote:

... it is not clear on top of which base interest!

On top of current 4.25% (variable) ...

isasmurf

grumbler wrote:

previous rates :
Online Saver Issue 2 rates

5.15%†
Rates effective from 09/01/06 to 12/03/06. ....
†Includes bonus of 0.90% fixed until 31/03/07

So the 0.7% guaranteed bonus has increased to a 0.9% bonus for those already in the account?