Dont Apply To A And L Yet!

masonic

EagerLearner wrote:

Plus whether I should apply for the A&L account now via Quidco, or wait til September.

If you apply via Quidco, you will not be able to make £95 using the refer a friend offer.

Based on what Brum man is suggesting, if you want the premier direct account AND 10% regular saver, then you should apply before September, otherwise wait.

Brum_Man

$17mma wrote:

Ok now I dont want to jump the gun here and go get an account or miss out on these special rates. Omar can you shed any light or confirm that what Brum Man is suggesting correct?

I'm not suggesting it, I've seen it in black and white.

murphydavid wrote:

Am I right in saying there are three options to consider.
1. Before September a current account at 5% + a regular saver of max £250 a month at 10% AER not available after September but continuing after September.
2. After September a current account paying 1.5% and a regular saver of max £250 paying 12% AER- current account compulsory.
3. After September a current account paying 6.1% but no option to take out a regular saver.

Correct.

In fact it makes it simpler really for the new customers, you either go for a high interest regular saver or a high interest current account.

masonic wrote:

Based on what Brum man is suggesting, if you want the premier direct account AND 10% regular saver, then you should apply before September, otherwise wait.

Yes.

adm wrote:

The Premier Direct is the thing that attracts the £50 referral though, no? If you get a simpler account for the regular saver you won't get the £50?!

No, both the Premier AND Premier Direct accounts attract the £50 recommend a friend, only the basic current account that comes with no credit interest or regular saver doesn't have the £50 referral.

adm_4

Brum_Man wrote:

In fact it makes it simpler really for the new customers, you either go for a high interest regular saver or a high interest current account.

I'm not convinced about this!

No, both the Premier AND Premier Direct accounts attract the £50 recommend a friend, only the basic current account that comes with no credit interest or regular saver doesn't have the £50 referral.

Thanks for that.

Brum_Man

adm wrote:

I'm not convinced about this!


Thanks for that.

You'd be surprised about how many people get confused over the choices at the moment

In general, the average customer ie. not one that reads about ALL the benefits about the account, comes in for one or the other. They either want the regular saver but aren't bothered about the current account that comes with it, mainly because most just put the minimum £500 in to get the regular saver, or they want the high interest current account as the will be paying in all their salary but aren't too bothered about the regular saver. Very few actually come in to get the maximum benefit from the two accounts.

$17mma

Brum_Man wrote:

I'm not suggesting it, I've seen it in black and white.

care to provide a link? or source?

So if I go for the 12% reg saver do I still have to pay in £500 into the current account?

Brum_Man

$17mma wrote:

care to provide a link? or source?

Link: Sorry I don't have one. Source: Well, I think that can be pretty much worked out by my replies.

I don't expect anyone to take my word for it, just trying to help people make up their mind what to do. But as of 1st week in september you won't have to anyway.

So if I go for the 12% reg saver do I still have to pay in £500 into the current account?

Yes, as the 12% regular saver will be linked the normal Premier Account which also has a £500 funding requirement.

pinkie

Oh No!! Looks as though i am one of the few that need to take advantage of the current account AND regular saver!!

We're currently surviving on 1 salary so my salary is all going to be saved up for when we move. I'll probably be getting £900ish a month for the first year, but i was hoping to save up £2500 in the current account over the first few months and also transfer the £250 a month into the regular saver. Not sure what to do now!! Any ideas?

Pinkie xx

EagerLearner

masonic wrote:

If you apply via Quidco, you will not be able to make £95 using the refer a friend offer.

So is it better to forget Quidco on this one and just use a referrer on the A&L referrers board?

Then I'd get £50 from A&L when I open because I was referred plus a £25-£45 amount from the person I referred?

KTF

pinkie wrote:

Oh No!! Looks as though i am one of the few that need to take advantage of the current account AND regular saver!!

Why not open 2 accounts. One in your name (with the regular saver) and 1 in your partners name (with the high interest).

Its a bit of a faff but then you will have both features.

Dagobert

OMAR wrote:

Bare with me....

I am not baring anything with you!