Cahoot 5.5%

System

I think the most annoying of questions i have refused to answer in the past is my husbands income. I would prefer people to base my own creditworthiness on my own bank account, my own payment of any debts and assets.

andyee

I was going to apply for this account, but you have to be 21 or over. >:(

I've not seen other banks to this. ??? Wonder why they would do this.

marvin

Can you tell me why I should be worried of anyone having this information?

I am not worried about them having it just saying they are not offering enough to purchase the right to have it.

System

I am not worried about them having it just saying they are not offering enough to purchase the right to have it.

Exactly!!!

langers_2

Just make sure that you are aware that interest will not be paid until 12 months after the account was opened as I don't think a lot of people have mentioned it and this could affect your decision to go for this offer. (I am emigrating early next year so it did me)

If you're not worried by this then it's a cracking deal

alared

Surely if you close the account before the twelve month is up they have to pay the interest on closure.

langers_2

Yes you're probably right but I was more meaning it's not worth the hassle for me

langers_2

Just couldn't resist and opened one anyway, the lure of an extra 0.8% was too much!!

;D

ashmit

I just got through my confirmation email - yay loads better than egg!

mr.steve_2

Ok, so a great deal at 5.5%.
But what happens to your interest if you've had £2000 sitting in a 4.7% account for a couple of months, move it into the 5.5% account and a couple of months later someone introduces a 6.2% account and so on.
Where do you stop?
I'm assuming here that your interest is earned over the period of a year?