A&L Direct Saver vs eSaver?

Graham_Devon

Currently got 19k sitting in an A&L Direct Saver.

Noticed they are now doing an eSaver.

Direct pays 6% (reduced .30% at last rate change)

eSaver pays 6.5%

Firstly can anyone tell me the difference between the two? I can't really see any? Apart from the eSaver gives free withdrawals in July?

It would be beneficial for that amount to move and lose a months interest. Especially as I will be topping that up to 29k soon.

Is there anything stopping me? What's the catch? Anyone know...theres always a catch!! It's probably staring me right in the face, if it is, don't extract the urine out of me too much

Cheers

ctdctd

eSaver 6.5% includes a bonus of 0.35% for a year

If you open now with few pounds so it's ready and move the money on Feb 1st you won't lose any interest. That's what I've done - took about 3 days to show up in online banking.

I guess Direct Saver will become less competitive as it's now an "old" account?

Oh, and both give the July free withdrawals now.