A&L Online saver issue2 bonus query

lipidicman

A&L Online saver issue2 bonus query

I have had this account since november. It had a bonus of 0.9% making the rate 5.15%. Which is pretty good

The rate current rate on the website only mentions 4.25%!!!

If I look at 'previous rates' I see

Rates effective from 09/01/06 to 12/03/06. 0% Interest is paid on funds over the £25,000 maximum investment limit. Interest earned on balances can be transferred to a nominated Current Account. †Includes bonus of 0.90% fixed until 31/03/07

On the current rates this is not mentioned. Am I right in thinking that I now take the new rate 4.25% and still add the bonus (as the old rate has expired this month, but the bonus is fixed for another 12 months)?. I am guessing they are not offering the bonus to new customers as of this month?

exel1966

lipidicman wrote:

A&L Online saver issue2 bonus query

I have had this account since november. It had a bonus of 0.9% making the rate 5.15%. Which is pretty good

The rate current rate on the website only mentions 4.25%!!!

If I look at 'previous rates' I see


On the current rates this is not mentioned. Am I right in thinking that I now take the new rate 4.25% and still add the bonus (as the old rate has expired this month, but the bonus is fixed for another 12 months)?. I am guessing they are not offering the bonus to new customers as of this month?

You'll find the answer here :-

http://forums.moneysavingexpert.com/showthread.html?t=165565

sloughflint

I checked with A &L. It is still 5.15% for current online saver customers until the end of the bonus period.

misskool

There are 2 end dates for the bonuses
If your account starts 177-, the bonus ends 30June this year
If your account starts 180-, the bonus ends 30March next year.

lipidicman

Ah, OK. Thanks people - sorry I started a new thread (merger?)

Mine is 177. How did I miss out on the longer bonus?

eDit: Just read the other thread through - man it took a long time to get through to the correct answer - why do they make it so hard? One account with a bonus that some people get (for longer than others) whilst others get no bonus. Madness!

Glad I kept my issue 1. It will be a better payer in July. The limit has gone up to £50k and over £30k it pays 4.75% (cf 4.25% in issue 2 now!).

Did anyone else spot this?

Thanks Again!

NottsCountyRule

I have an online saver issue 2 starting with 180 so I understand my bonus expires in March 2007.

I was wondering are there any penalites for withdrawing money at all. Or likewise for putting money in?

In other words can I withdraw and top up as much as I want without being penalised (as long as I stay under £25,000).

I know it sound silly but they don't exactly make it clear!!!

masonic

NottsCountyRule wrote:

I was wondering are there any penalites for withdrawing money at all. Or likewise for putting money in?

It's marketed as an easy access account, so there should be no penalties for making simple transfers. I made lots of transfers in and out of my issue 1 account without incident while I had it and have seen nothing to suggest issue 2 is any different.