Alliance And Leicester 7% 1 year fix

Old_Slaphead

bristolleedsfan wrote: »

Hmmmmmmmmmm

http://forums.moneysavingexpert.com/showthread.html?t=695117

I take your point - would have thought they'd have taken it off of their website though. I don't think it does these institutions any good to create products only to pull them after a few days. If I were an A&L accountholder and just missed out I'd be pretty hacked off!

bristolleedsfan

Old_Slaphead wrote: »

I take your point - would have thought they'd have taken it off of their website though. I don't think it does these institutions any good to create products only to pull them after a few days. If I were an A&L accountholder and just missed out I'd be pretty hacked off!

To be fair most people understand that such offers only last until funding requirements are met. ( timescale its impossible for a provider to predict)

A+L did state on its website that "Note: Due to the way Fixed Rate Bonds are funded they may be withdrawn from our portfolio at short notice"

New A+L One Year Fixed rate 5.25% Gross. :rotfl:

http://www.alliance-leicester.co.uk/savings/index.asp?page=fixed-rate-bonds&ct=calcresults

Arthurian

Am so annoyed! Left the house at 9.30am to run errands, before my appointment at A & L at 1pm. Turned up at the branch at 12.47pm, to be told they had pulled the bond at 12.30pm. Came home to find two messages left on my phone at 11am asking me to hurry to the branch so they could process my application before the deadline. So infuriating. Next time, I'll leave them my mobile number.

bristolleedsfan

Arthurian wrote: »

Am so annoyed! Left the house at 9.30am to run errands, before my appointment at A & L at 1pm. Turned up at the branch at 12.47pm, to be told they had pulled the bond at 12.30pm. Came home to find two messages left on my phone at 11am asking me to hurry to the branch so they could process my application before the deadline. So infuriating. Next time, I'll leave them my mobile number.

I find it unbelievable that A+L havent honoured appointments that were made prior to today.

i did say that i didnt believe that customers have to accept that appointments are neccesary to open a savings account. ( i didnt accept that from barclays and had i wanted to open A+L 7% bond id have turned up at a branch with appropriate cheque and ID, same as i did when i opened Chelsea 6.9% fixed rate account.)

On the Saturday morning before A+L announced plans to convert to PLC status, Alliance and Leicester had queues of people wanting to open accounts out the door and onto the street and ensured that all accounts were opened before they shut for the weekend. ( nobody was told to make an appointment so im certain A+L branches could cope with 7% account openings at the branches on demand.)

Wolf_Man

Well I am not impressed with A&L.

While I was in there talking to an adviser about something else (it was about 4pm) they were still taking people for the bonds.

Due to the info on these forums, I asked the 'adviser' how she could still be doing the bond as it was closed after 12:30?

She did not believe me, and there was a big line of people waiting to see her and people asking for and getting application forms from the cashiers.

Eventually she made a call to A&L head office and was shocked when they told her all the applications for the bond that they had completed after 12:30 were void.

And STILL they were letting people walk out with application forms.

While I was there one old gentleman came in to ask about the bond, was given an application form and said that he was off to get the money, he returned 20mins later having paid an early withdrawal penalty to get the money out, and was told that the bond was closed, when he tried to argue that the cashier had just told him that it was open, the staff member was frankly rude to him and not bothered in the slightest the the guy was very upset and angry. He left calling them 'B***tards'.

When I asked what will happen to the applications that came in after the deadline, the not very bright girl told me that they would probably end up in a lower rate bond for a year!

I was obviously incredulous at this, asked if she thought that they might notice..but she said they would not, as they would not know their interest rate until Jan 1st when the interest was paid.... I couldn't help laughing at this until I noticed that on my pass book for the 7% fixed rate bond, nowhere does it say what rate it is fixed at!!

Is it just me or are A&L a bunch of amateurs?

bristolleedsfan

Wolf_Man wrote: »

I couldn't help laughing at this until I noticed that on my pass book for the 7% fixed rate bond, nowhere does it say what rate it is fixed at!!

quote]


:T btw lower rate 1 year fix is 5.25% :rotfl: http://www.alliance-leicester.co.uk/savings/index.asp?page=fixed-rate-bonds&ct=calcresults

Speculator

Yes, I noticed the 5.25% bond. Although very tempting, in the end, I decided not to open the 7.00% bond. I can get 7.00% elsewhere and A&L are already a plc.

gt94sss2

Wolf_Man wrote: »

I couldn't help laughing at this until I noticed that on my pass book for the 7% fixed rate bond, nowhere does it say what rate it is fixed at!!

Did anyone not get a passbook when opening their account?

My dad turned up on Saturday to a branch - without an appointment (they were fully booked) - and filled in an application form and cheque which they took off him..

However, they didn't give him a passbook or any other receipt.. perhaps it will turn up in the post in a day or so?

Regards
Sunil

bristolleedsfan

Speculator wrote: »

Yes, I noticed the 5.25% bond. Although very tempting, in the end, I decided not to open the 7.00% bond. I can get 7.00% elsewhere and A&L are already a plc.

Lo Speculator :beer: long time no posts or thanks from u _pale_

Where can u get 7% from. :think:

Speculator

My very active 9 month old daughter has been keeping me away from my pc. I've been watching Iggle piggle, makka pakka and upsy daisy virtually every day:(:(

I recently managed to open two Principality 7.00% fixed rate regs, paying in £1000 per month:)

Feeding time for Emily again....