Why cant i find A+L 6% on comparison sites please?

buel

Hello there!
Please can anyone help me out? It may be because im a bit slow or maybe because i have only just got up but im confused!! :embarasse I have looked on the various comparison sites but im unable to find the A+L Premier Direct account that pays 6% of balances up to £2500 if you fund it with £500 minimum that i found the other day. I can find it by typing it into Google but im just concerened that it doesn't appear on comparethemarket or moneysupermarket.com. In fact, i cant remember on what comarison site i found THAT deal on! Do i have to check all the comparison sites or is there one 'main' one that anyone would recommend please?

apt

It is on Moneyfacts along with with large adverts. However, you would be better off applying via Topcashback to get £50 cashback. Remember that the 6% rate only lasts one year and that if you are thinking of using the account as a current account that there are many complaints about A&L's internet banking, switching service and consumer service in general.

clairbear_3

It definitely exists,either apply directly to A&L or use cashback(Quidco)to get extra bonus.
PS dont apply for Premier Account,only the Premier Direct has the 6%
Abbey do a 6% but £1k per month to be paid in
CB

Milarky

Yes, it's really more like a 'savings account with chequebook' these days. I am now on my second 'repeat' year - having opened in April 2007 for 6.5% on credit balances, then 8.5% offered last year (August 2008) to keep me, now (after 3 months downgrade/upgrade 'flipping') 6% until Nov 2010. (Only got the 'cashback' once of course!)

buel

Wow!!
Thank you so much for the help, i appreciate it!!
You mention the abbey one that needs £1000 per month into it, am i correct in thinking that, like the Halifax deal where you only have to put the £1000 in for a second, it only has to be in for a short while before maybe transferring it out?
You see, i have £4700 in savings to 'invest' in a savings account and my wages are over £1000(which i could use to transfer in and out of an account) , plus my girlfriend has £3680 in a 1.56% paying isa and £1200 which she is able to 'invest'.
I already have one Halifax £5 per month account and my mum lets me use my £1000 to gain the £5 from her Halifax account as does my girlfriend!
Without trying to bother you all to 'do my work for me', what advice would you all give me with these amount of cash please?
Ps- i LOVE the advice about using the cashback sites-Brilliant!!

buel

Ok, this is my first attempt at what i can do with the funds i have available:

1, Use £1000 from my monthly wages to temporarily fund the 3 Halifax 'Ultimate Reward Accounts' (mine, my mum's and my gf's) to get £15 per month.

2, Use the £5000 savings that i have to either:
a) Fund two A+L Premier Direct accounts (£2500 each, at 6% Gross/4.8% Net) to get £10 per month from each one by using a 'floating' £500 to fund each account

b) Fund one A+L Premier Direct account and one Abbey 6% current acount to get £10 per month from each one by using a 'floating' £1000 to fund the Abbey and only £500 to fund the A+L

3, Use the remaining £5000 that my gf has to fund the TSB 'Vantage' account to get £12 per month (4% Gross/3.14% Net, minimum funding £1000 per month) by moving £1000 in and out of the account.

Total interest per month: £47

Does this make sense to anyone please?.....Or have i got it very wrong?

apt

Buel you can only have one Premier Direct Account per person. It's the Reward rather than the Ultimate reward that you need to get a good return. The latter is a package account with a fee of £12.50 per month. Your GF could also open the A&L/Abbey 6% account which would make more in the short-term than the Lloyds Vantage. She should be aware that if she withdraws money from her Cash ISA she cannot put it back. However, the allowance does go up to £5,100 next April. So if she is not intending to save more than an additional £1,500 into an ISA next tax year she could use the 6% for a year and put the money back into an ISA before April 2011 to keep the tax free interest for the future.

buel

Hi and thank you for your help!
My mistake, i meant the Premier account and not the Premier direct account!

And regarding the problem with attempting to have two of those, i meant to put that my gf would be opening one aswell as me!

Regarding her using the interest from said A+L/Abbey 6% account, our idea is to pool our total interest to pay for household bills such as Broadband (£18 per month, BT Line Rental £11.50 per month and our Water Bill of £15 per month)

Ok, so if we:

1, Use £1000 from my monthly wages to temporarily fund the 3 Halifax 'Ultimate Reward Accounts' (mine, my mum's and my gf's) to get £15 per month.

2, Use the £5000 savings that i have to:
a) Fund two (one mine and one hers) A+L Premier Direct accounts (£2500 each, at 6% Gross/4.8% Net) to get £10 per month from each one by using a 'floating' £500 to fund each account

That would leave us with her £3600 isa money and her £1400 savings...she is willing to invest this £5000 into whatever account would benefit us, if not the TSB Vantage account would you suggest that maybe we both took out the Abbey 6% accounts please?

buel

Anyone else please?

hvaghela

Milarky wrote: »

Yes, it's really more like a 'savings account with chequebook' these days. I am now on my second 'repeat' year - having opened in April 2007 for 6.5% on credit balances, then 8.5% offered last year (August 2008) to keep me, now (after 3 months downgrade/upgrade 'flipping') 6% until Nov 2010. (Only got the 'cashback' once of course!)

Hi Milarky

Are you talking about an A&L premier direct current account? If so, how are you managing to do this? I opened my account in June 2007 (via refer a friend) and I've been on a lower interest rate since June 2008. I think my current rate is <1%.

td_007

hvaghela wrote: »

Are you talking about an A&L premier direct current account? If so, how are you managing to do this? I opened my account in June 2007 (via refer a friend) and I've been on a lower interest rate since June 2008. I think my current rate is <1%.

Two possibilities:
- if you have money in the a/c, transfer all but abt a pound to another bank, call A&L to close the a/c. You could then be offered the higher rate
- if you do not get the higher rate, close the a/c, wait for 3-6months and apply as a "new customer". In the meantime open an Abbey 6% a/c...mind you it has £1K monthly funding requirement.