A&L Premier Regular Saver - still two interest payments?

premierfella

I have received an unexpected interest payment today. Searching through the forums back in 2007 someone posted that A&L make 2 interest payments on this account (despite what it says in the terms and conditions) - one around month 10 and one 12 months after the first payment into the account.

Before I go and transfer my money out of the account unnecessarily, can any previous holders of this account confirm that this is still the case (i.e. I should leave the account alone until a second interest payment is credited and the funds are transferred to the A&L Premier Current Account.

(I would ask A&L Customer Services, but previous experience suggests that forum members would provide more accurate and knowledgeable information than the official source!)

Desperate_Housewife_2-2

Yes, they pay 2 separate lots of interest, my advice is to leave it in until the interest shows on the online statement. My cynical view is that they do this so you think the interest has been paid and withdraw early hence they can refuse to pay you the rest as it means you have not kept to the T's &C's.

Liz33

Is this the linked 12% savings account? i'm going to check mine now I have one of these and i'm on 10 months i think

Liz33

i've just checked they have paid mine too i'll make sure not to withdraw it before the 12 months is up, thanks for reminder desperate housewife