Ruffler ISA raise rate to 5.93% AER

derrick

anniecave wrote: »

last time I looked at Ruffler, I was put off as you had to get certified copies of documents, and I don't know anyone who can do this.
Is this still the case?
How does everyone else get their documents certified, if they need to?

I have just emailed them with this query, re other companies using electronic verification, and this is the reply:-

Dear Sir,

Thank you for your email communication.

Ruffler Bank Plc is currently investigating the possibility of electronic identity verification. We agree with your comments in principle, however we are in the very early stages of discussion and any implementation may take some time. The identity requirements remain as advertised on the website for the foreseeable future.

If you should have any further questions then please do not hesitate to contact us.

Yours faithfully

Steven Smith
Deposits Team



So it looks like the status quo for Ruffler re I.D.


Why can't these companies get into the 21st century?

steviewander

carpy wrote: »

how many days interest do you anticipate you'll lose?

I can't be sure, but I've read on other threads that Alliance and Leicester say that it can take up to 3 weeks if they are really busy. In practice people have said that they get the transfer done much sooner, around 1 week.

masonic

It took A&L 3 days for me, going on the date of their letter. I'm sure it will be getting much longer very soon.

Seraph_2

Rufflers Bank ISAs page shows:

Gross AER%=6.40
...BUT...
Gross AER%=6.25

This implies introductory rate, but it is not clear on the website.
Any thoughts?

jamesd

Not quite. It says Gross AER% = 6.40 and Gross Rate% = 6.25. Interest is paid quarterly and interest on the interest will be paid, so the AER is higher than the gross rate. No introductory rate involved, just compound interest.