A&L 10% Regular Saver Interest early?

lipidicman

Anyone else have one of these.

My first payment was in January. Paid in the max like clockwork. Now I have £2500 in there and find the interest was credited this month. Shouldn't it be on maturity.

I can only find the terms for the new 12% saver on the site

The only thing I can think of is it is about 12 months since my CA was opened so will they take more payments?

How are your 10% savers running?

RocketMan

I opened one of the 10% ones just before the change, I am 100% sure that it said it would run for 12 months before it would close and the interest would be paid. I guess the best thing would be to phone them, the phone number for the Premier Regular Saver is 0845 926 2626.

Hope this helps

System

Lipidicman, i also made my first payment last January and presumed the interest would be paid into my account on maturity but i have just checked my account. I have had my interest added too.

mary

Hi folks,

I started a thread yesterday about this: yes it happened to me. See

http://forums.moneysavingexpert.com/showthread.html?t=295896

a&akay

Ditto. I even sent an R85 for both my known current account details and my unknown (at the time for them to fill in) regular saver details. My current account is and has always been gross but I now find reg saver is net. They now say I can register as gross and recover the tax through them rather than through IR, as we are still within the tax year, but as I had already pre-empted this am not too impressed.

mleonard79

After seeing this thread I thought I'd better go and check mine as it started in Jan too but mine is sitting at £2,500 and no interest has yet been added. This seems a little random!

brranger

I've Had mine and not due to close till Dec 25th, If they don't add any more they will have stiffed me for £15, The rotters, never noticed that they don't have a secure message tab on the website before as never needed it.

How do we get hold of them online?

Is it just a globe computer mistake. as mine started in Dec.

oldfella

suggest you ask A&L whether the 12 month interest period starts when you open the account, or when they receive the first payment.

if its the first, you should complain as that seems very unfair.

Mike

brranger

Been into branch today told that there was a mistake across the company and the RS will continue and we will earn interest on the interest.

Could be good if its true.

Daft_Monkey

Same here. Wondering if we will earn interest on gross or net interest.
Looks like Gordon Brown is getting an early Christmas present from A&L at our expense...

mleonard79

Hi everyone,

Just to update I now too have had the interest added 2 months early - so if it was just a blip or a mistake across the board last month this seems a little strange. Have those of you that got paid it early last month been paid interest on what's in there this month? Also as it has been paid in net interest what do I do to recoup the tax they've taken off me (I haven't worked this year so I would assume I'm entitled to it?) I'm assuming they'll send me a tax certificate for it at the end of the tax year just like a normal savings account - is that right? Thanks for any info.

Regards

Michelle