Lump Sum in A&L Online Saver Issue 1 - Do I Transfer It to Issue 2?

Helen_from_yorkshire

Could someone please help me out with a query re savings in A&L Issue 1/Issue 2.

I have over £25k in Issue 1 currently, I opened a Issue 2 at the beginning of March so qualify for the better rate. Is it worth my while transferring the maximum amount to the Issue 2 account, given that I'll lose interest whilst the money transfers to my non-A&L current account and then back to Issue 2.

masonic

Helen_from_yorkshire wrote:

Is it worth my while transferring the maximum amount to the Issue 2 account, given that I'll lose interest whilst the money transfers to my non-A&L current account and then back to Issue 2.

I recently phoned up to close my issue 1 account and the person I spoke to kindly offered to transfer the balance directly into my issue 2 account. The transfer was instant.

Helen_from_yorkshire

masonic wrote:

I recently phoned up to close my issue 1 account and the person I spoke to kindly offered to transfer the balance directly into my issue 2 account. The transfer was instant.

I have more than £25,000 in the Issue 1 account so I want that to remain open but I'll give them a ring and see if they'll transfer the money to the Issue 2 account, it's worth a try. Do you know what telephone number you rang as I have only ever found a telephone number for technical enquiries.

masonic

Helen_from_yorkshire wrote:

Do you know what telephone number you rang as I have only ever found a telephone number for technical enquiries.

I used the Helpdesk number (0845 300 2562 or 0113 220 1505), which I think is the one you are referring to. They do have a general telephone banking and customer service number (08459 26 26 26 or 0113 254 1566), which is where I suspect my call got transferred, but I've never seen that number mentioned in connection with the Online Saver.