A&L Help Please

highlighter

grumbler wrote:

I think you can keep them, but:

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=all-rates&RateTable=home

I think you will also lose interest-free overdraft and free travel insurance:

http://www.alliance-leicester.co.uk/currentaccounts/terms_yw_prem.pdf

If you don't need free overdraft and travel insurance it is better to close account or downgrade it to Young Worker Account.

Thanks for that grumbler- I should really make it my main account to benefit then

grumbler

realaledrinker wrote:

They enticed us in with their market leading ISA, slashed the rate, then charged us 2x£25 for the privilige of taking our money elsewhere.

Didn't they drop transfer charge the same time they slashed the rate?

Stick to banks like smile & FD who offer terrific service as well as consistently decent rates. Smile are offering £25 if you open an account & pay in your salary or £1000 if that type of incentive is so important to you.

Not the best strategy to stick to some particular bank. I have account with nationwide for many years with all my DDs. I have also a lot of accounts with other banks - to benefit from introductory offers: Lloyds TSB, A&L,...., Smile. £200(for couple)+free worldwide travel insurance(for both of them) - this is much more than £25 (you cannot get 2x£25 with one salary) ... And A&L don't demand switching salary - monthly credit only.
I have not swithched my salary to A&L and, of course, I have no intention to stay with them if they withdraw insurance and stop paying 5% on current account (they still are paying 5.5% to me untill 31/12/2005).

What interest rate Smile/FD pay for current account now? - 3.3%/2%
How much Smile charge for using non-Link ATMs (in UK and abroad) and for purchase of travellers cheques or foreign currency? -2% (min £2!)
How much Smile charge fo foreign currency transaction - 2.75% (+2% when using ATM).

isasmurf

realaledrinker wrote:

In my experience, A&L flatter only to deceive.

What's their customer service like?

They enticed us in with their market leading ISA, slashed the rate, then charged us 2x£25 for the privilige of taking our money elsewhere.

Assuming your talking about the Online ISA, take those rose coloured glasses off and get your facts straight. They may have enticed you in with a market leading ISA, but they have not slashed the rates it is still 5.4% AER and the transfer charge was dropped at the same time the ISA was closed to new customers.

realaledrinker

I'm going back a couple of years with regard to the ISA comment.