A&L 5.35% online saver vs. INGdirect ?

Rochdale_Guy

Hi. May seem a silly question, but...

I currently have £11k (off MBNA) in an ING 5% online saver account, and was wondering if its worth opening up one of these Alliance & Leicester 5.35% online saver accounts as I only have this £11k until 1/3/2005....

I pay basic rate tax.

Dumb question or not ?

With ING I get interest monthly, with the A&L it's annually.

Pros / Cons anyone advice me please ASAP ?

Thanks, RochdaleGuy

Robert_Sterling_3

[Move]The message which was above this one originally was by Heinz. The message contained a couple of mathematical errors. My message explained why the figures were incorrect. I guess Heinz then removed removed the message. So I have modified my reply which was rendered nugatory.

Rochdale_Guy

Thanks !

Deffo. not worth if for around £12 :-[

System

Thanks !

Deffo. not worth if for around £12  :-[

Look after the pennies and the pounds look after themselves is what i say. £12 is better off in your pocket than someone elses.

rotate

Stay away from A&L,they always take longer than other societies to clear cheques being paid in.I have paid cheques into A&L,halifax and Nationwide within 10 mins of each other on the same day and A&L is always 1 or 2 days later crediting the money to the A/C,apart from the time they took 10 days as to quote"They had lost the keys to the ATM machine and could not open it.
Any extra interest is soon eaten up by their delays.
AVOID

Paul1_2

Stay away from A&L,they always take longer than other societies to clear cheques being paid in.

With the Online Saver Account cash is added and removed via the BACS system, from a linked account. They quote 4 days for transfers which is similar to IF, though if ING Direct request money from IF it only takes 3 days.

Paul1 8)

westernpromise

Look after the pennies and the pounds look after themselves is what i say.  £12 is better off in your pocket than someone elses.

That's what I always say...it's only twelve quid but it's your twelve quid.