Alliance & Leicester have changed my account .

WilliamB

Ive been running an Alliance & Leicester eSaver offshore Flexible Income MI account for several years , yesterday I received this email..

Dear Customer


Advance notice of a change to your interest rate and account terms.
On 2 February 2013, we will be simplifying our range of products and their associated interest rates.


What does this mean for me?


We will be changing your eSaver account to an instant access account called International Saver (Issue 1). Your account number will remain the same and our General Terms and Conditions will continue to apply. Further details of how the account will operate are available by visiting www.alil.co.im/instant-access/International-Saver-Issue1.aspx.


An important change to note is that the International Saver (Issue 1) pays monthly interest on the first day, rather than the last day, of the month. Following the change to your account, your next monthly interest payment in your new account will be on 1 March 2013 rather than 28 February 2013.


Once we have changed your account into an International Saver (Issue 1), a new interest rate will apply from 2 February 2013 at the rates shown below.


Balances of £500.00 and above will earn 1.98% gross p.a. (2.00% AER) variable
Balances between £0.01 and £499.99 will earn 0.10% gross p.a./AER variable


Do I need to do anything?


No, we will carry out the change to your account. In addition, if you have already given us an instruction to make a payment on your account, then we will carry that instruction out on the scheduled date – you do not need to re-instruct us. After 2 February 2013 you will no longer need to give us advance notice for withdrawals.


If you would like to consider one of our other products as an alternative, please refer to our main website, www.alil.co.im.
If you have any queries about this change, please do not hesitate to contact us.


Yours faithfully


Nichola Smith
Senior Manager, Customer Service

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With my eSaver offshore Flexible Income MI account, when I wanted to make a withdrawal I had to take out a minimum amount of .. £ 5,000.00 .



I'm trying to find out if this same minimum withdrawal of £ 5,000.00 amount apply's to the new ... International Saver (Issue 1) account.


Ive sent emails to A&L , but not received a reply



Does any know a bit more about this new account ?





Thanks

gozomark

I received the same

gozomark

The T&C of the new account make no mention of a minimum withdrawal amount, so I presume £ 5,000 no longer applies

WilliamB

gozomark wrote: »

The T&C of the new account make no mention of a minimum withdrawal amount, so I presume £ 5,000 no longer applies

Thanks,

Ive been through the T&C and like you I cannot see a reference to a minimum amount that can be withdrawn , Ive all so searched Google for the .. International Saver (Issue 1) and cannot find too much information on this account , ive still had no email reply to the question I sent A&L .




Any one know a bit more about this new account

WilliamB

The Answer from A&L