Post Office easy access 3.17% AER account (now closed to new applications)

talexuser

OnlyMe_08 wrote: »

Can I just double-check that this account is still paying 2.57% gross interest if I'm still within 12 months of setting up the account, and will continue at this rate until anniversary of account opening?

Yes, 2.67& gross till 12 months up.

OnlyMe_08

Great, thanks guys.

I recall shifting funds out around 17th Jan, but could not be bothered putting it back and chasing the difference lost etc.

I think I'll transfer something there for the next 7 weeks.

savetilibleed

veryintrigued wrote: »

I've got this in my spreadsheet:

Opened 1st July 2012
3.17% up to 25/02/13 <- this bit the PO messed us around on.
2.67% up to 30/5/13
1.15% after 30/5/13
Interest paid from 20-25th March

I've got similar:
Opened 26/05/12
3.17% to rate drop 17/01/13 when most funds were pulled
2.67% to account anniversary
then 1.15%

veryintrigued

savetilibleed wrote: »

I've got similar:
Opened 26/05/12
3.17% to rate drop 17/01/13 when most funds were pulled
2.67% to account anniversary
then 1.15%

I must double check with the PO when my rate drops to 1.15% - job for tomorrow!

Gromitt

savetilibleed wrote: »

I've got similar:
Opened 26/05/12
3.17% to rate drop 17/01/13 when most funds were pulled
2.67% to account anniversary
then 1.15%

It seems you pulled your funds early. Although the original rate drop was 17/01/13, it was later cancelled and changed to 25/02/13 due to them not following the rules!

savetilibleed

veryintrigued wrote: »

I must double check with the PO when my rate drops to 1.15% - job for tomorrow!

It'll be a year from when you opened your account (assuming you mean the Iss 5).

Gromitt wrote: »

It seems you pulled your funds early. Although the original rate drop was 17/01/13, it was later cancelled and changed to 25/02/13 due to them not following the rules!

Yeh I did as I found out on around that date, but their loss both ways as it went where it was earning more interest (Santander esaver iss 5) where it resides until that bonus disappears fairly soon now.

Gromitt

On 30th May, variable rates drops from 1.15% to 0.90% (0.25% drop)

veryintrigued

Gromitt wrote: »

On 30th May, variable rates drops from 1.15% to 0.90% (0.25% drop)

Cheers for the heads-up but where have you seen this?

My spreadsheets says that my overall rate drops from 2.67 to 1.15 on 30/5/13 or am I becoming even more forgetful?

Edit - just to make it clear that I'm moving my money from this account on 30/5/13 anyway!

retiree

veryintrigued wrote: »

Cheers for the heads-up but where have you seen this?

Post Office sent out an e-mail at 5 pm today: I am writing to notify you of a 0.25% AER reduction to the underlying variable interest rate on your Online Saver, effective from 30th May 2013.

veryintrigued

retiree wrote: »

Post Office sent out an e-mail at 5 pm today: I am writing to notify you of a 0.25% AER reduction to the underlying variable interest rate on your Online Saver, effective from 30th May 2013.

Thanks for this - nothing received here yet - deja vous for notice with this account!!