Quidco £20 for opening Alliance & Leicester savings account

travel_freak

Hi

I did a quick search and couldn't see this on the forum but apologies if it has been posted already.

Quidco are offering £20 cashback when you open an Alliance & Leicster savings account online.

It seems it must be opened with a minimum balance of £1K but that you can withdraw money when you want without penalty. The rate is 3.15% - no idea if this is good or not but it might be worth doing for the cashback.

Here's the blurb copied from Quidco:

Hassle free saving with the Alliance & Leicester Online Saver.


Saving couldnt be easier with the Alliance & Leicester Online Saver Issue 5. There are no withdrawal penalties and you can have access to your money when you need it. So whether youre saving for a rainy day or something in particular, the Online Saver is ideal.
Key features and benefits

-Earn 3.15% gross p.a./AER (variable).
-Rate includes a bonus payable until 2 August 2010.
-Save from £1 up to £2,000,000.
-Interest paid annually.
-Online account.
-Available to those aged 18 or over.

A great interest rate

-EARN 3.15% GROSS P.A./AER (variable) on balances between £1 and £2,000,000 including bonus payable until 2 August 2010.
-On 3 August 2010, the rate reverts to tiered variable interest rates depending on the balance held in the account.

Easy access

-No withdrawal charges.
-ACCESS your money within 24 hours when a transfer is made into your Alliance & Leicester current account or up to 4 working days for transfers to a current account with another provider.
-Online account.
Savings backed by Santander.
Alliance & Leicester is now part of the Santander Group, one of the worlds largest banks.
Apply today for a hassle free savings account!

For genuine tracked transactions completed wholly online, you can earn:
£20for an accepted Online Saver Account

ap2000

I opened one of these last month.. I just missed out. What are the chances of having more than one account? Thanks.

johnoz

Excellent offer, but I suggest folk keep an eye on the progress of the payment.

"getpoundsback" had the same offer for a similar A&L account 12 months ago, and I applied then. This failed to track, so I raised it as an enquiry, and Neil there chased it up several times. Eventually, the £20 was indeed paid, literally 12 months to the day from when I'd opened the account! Makes you wonder whether this was a deliberate policy by A&L?

For those of you technically able, I would suggest that, after applying through Quido, you check your web-browser cookies and locate (and take a copy of) the new one marked "allianceandleicester". Using notepad to read this, you'll will find a text string that includes the word "quidco", so that can be used as proof that A&L acknowledged the application had gone through quidco at the time of applying.

A bit of hassle, perhaps, but worth £20!

I'll still be doing it this time as well, mind!

Jennifer_Jane

Yes, I also saw this earlier today on Quidco and just searched to see what people thought. Seems good to me.

Jen

ed123_2

...I opened one through Quidco some time back and they would'nt pay the cashback...(and yes I did clear the cookies & enter through the Quidco site)....numerous e mails etc,,,they said they had no trace of the transaction so I gave up!!

Jennifer_Jane

Hmmm! Think I've decided against it, and will go for S&S ISA instead - that could make £20 (or lose it) in a day or two. Will take the risk!

Jen
x

Dagobert

travel_freak wrote:

It seems it must be opened with a minimum balance of £1K

Any ideas how this initial deposit has to be made?

Cheque? DD? I don't fancy keeping £1000 in a non-interest bearing current account for days, which would cost me 11p per day.

YorkshireBoy

Dagobert wrote: »

Any ideas how this initial deposit has to be made?

BACS(/FP?) it in just as soon as you know your account details (as per the other eSaver cashback deals of yesteryear)...

http://www.alliance-leicester.co.uk/customer-service/user-guides/savings/online-savings/page1.aspx (see the first question)

jimbow25

I have an A&L current account it looks like there is nothing to stop existing customers from doing this - unless I'm missing something?

YorkshireBoy

jimbow25 wrote: »

I have an A&L current account it looks like there is nothing to stop existing customers from doing this - unless I'm missing something?

I had an A&L current account when I opened all 3 of my eSavers (1, 2 & 3) for £20 cashback (Quidco, cashbackkings, & Quanti).

Also, my eSaver 2 was still open when I applied for the eSaver 3 through Quanti.

I've been paid out on each occasion.

HairY

Hmm, TCB don't seem to have this one. :-/

I would currently get 6% gross on that £1,000 in my Premier Direct account, which over say 3 months (Estimated time required for the cashback to become payable) is about £19.60. Over the same period the interest on the eSaver is about £10.40 (gross). Because I don't have a Quidco account and would have to pay £5 membership, this'd reduce the overall benefit to less than £6.

Think i'll give this offer a miss Good offer to anyone wanting to open an account right now though.