Dont Apply To A And L Yet!

Brum_Man

No they won't withdraw/reduce it.

YorkshireBoy

CharleneUK wrote:

Does anyone think they may withdraw the recommend a friend in conjunction with the new interest rates? Or at least lower it back to £25?

Who knows, unless we have an 'insider' on the boards?

Not sure if I should wait!

Well, ignoring the Regular Saver (where you'd make 20% more with the new account), here's a comparison of interest (for a basic rate tax-payer) in the first year...

Avg bal...........6%.......................5%.........................Diff
.............gross.......net.........gross.......net...........gross.......net
2500........150.......120...........125.......100.............25..........20
1500..........90........72.............75........60..............15.........12
1000..........60........48.............50........40..............10...........8


So, if you can maintain the full £2.5K, the difference is £20 a year after tax.

YorkshireBoy

YorkshireBoy wrote:

Who knows, unless we have an 'insider' on the boards?

Brum_Man wrote:

No they won't withdraw/reduce it.

We do!.....

OMAR

Right, the recommend a friend is staying put for a long while yet! The reason the 6% and 12% is not known to staff yet, is because it was only mentioned a month ago at a regional meeting to be rolled out in September...only select staff seem to know.... A lot of the benefits need to be had at account opening, you cannot open the PRS after applying. If you do not request an overdraft at account opening, you are highly likely not to get one for six months, resulting in only 6 months interest free.

This is new customers ONLY....If you've had a account in last three months regardless of reason for closure....you will not be accepted...or you will, but get a bog standard current account.

OMAR

Also, if you ever need further lending from A and L AFTER applying for Premier......NEVER EVER EVER apply for either a loan or Mortgage on the net or phone! Only apply in a branch.........as Premier holders are GUARANTEED the typical rates and MTG customers get extra benefits if applying in branch.

So basically, if your new to A and L........always go to branch for best rates/offers etc......after that it is very much self service.

Brum_Man

OMAR wrote:

only select staff seem to know

Ie. the whole of the retail network.

Also, you can't won't be able to get the Premier Direct and PRS when the current account rate is incresase to 6.1%, you'll only be able to get the PRS with the normal Premier account that pays 1.5%. So it you want the PRS AND a current account that pays you good interest I'd get a move on......

masonic

Brum_Man wrote:

Also, you can't won't be able to get the Premier Direct and PRS when the current account rate is incresase to 6.1%, you'll only be able to get the PRS with the normal Premier account that pays 1.5%.

I presume Premier Direct accountholders will not be able to apply for a Premier account, then?

murphydavid

What does PRS stand for?

EagerLearner

I don't understand these acronyms - can someone tell me simply: Should I apply now for an A&L account via Quidco, and does this mean I will get the 6%/12% deal?

Paul_Herring

PRS = Premier Regular Saver? (Guessing from context here...)