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Aldermore new fixed rate accounts. Sept 2020

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  • Albermarle
    Albermarle Posts: 27,909 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Normally you will get the 1.26% and this should be confirmed when you get the rest of the paperwork.
    You would certainly have grounds for complaint if not 
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    edited 24 September 2020 at 7:29PM

    However, there is no mention of the interest rate on their emails and I can’t login to see the interest rate until I receive my customer ID, which can take up to a week. I cannot fund this account until I’m sure of the interest rate. 


    As a practical point, why can you not fund it until you are sure of the interest rate? Is it life-or-death situation whether you achieve the extra 0.06% and get (or don't get) the extra £6 per £10,000 deposited?
  • Just for info:

    I think? I’ve opened a  “1 Year Fixed Rate Account” at 1.26%

    However, as soon as I’d finished the application, which takes just minutes, the website had changed and the rate is now 1.20%

    The email confirming the application says this:

    “We guarantee to pay the interest rate you’ve seen today provided a deposit is paid into the account within 14 calendar days of the account being opened.”

    “You can see your new account details, including the interest rate, balance and maturity date (if applicable) by logging into Internet Banking using the ‘Personal Savings Account Log in’ at www.aldermore.co.uk/login-centre.”

    However, there is no mention of the interest rate on their emails and I can’t login to see the interest rate until I receive my customer ID, which can take up to a week. I cannot fund this account until I’m sure of the interest rate.

    50mins and counting on the phone waiting to speak to their help-desk. Sent an email as well.

    Not the start I was hoping for...Ho-hum!

     

     

       


    Emailing them won't work because they will send a secure message to your inbox which you can't access until you get your ID in the post.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    I've just opened a 6 month account via HL Active savings. A measly 0.8%.
    But I'll need it then so better that than a few decimal points less on instant access.
  • I've just opened a 1 year fixed rate and now that's no longer available. A fast moving world of changing interest rates...
  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 25 September 2020 at 4:17PM
    It is still available if you already have an account with them just logged in and opened one but rate now 1.20%
    "Look after your pennies and your pounds will look after themselves"
  • Speculator
    Speculator Posts: 2,353 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 25 September 2020 at 3:37PM
    Opened my account Wednesday 5.30pm  and received my ID in the post this morning.
  • kaMelo
    kaMelo Posts: 2,859 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    It is still available if you already have an account with them just logged in and opened one but rate now 1.20%
    But not anymore, only three four and five year fixes available now. 
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