close alliance and leicester account

sanfly

Hi...Is today the best time to close an alliance and leicester savings account due to their 30 day ruling about no interest in the month an account is closed.....cheers

Milarky

Yep, 1st or 2nd of the month. But if you can draw the balance down immediately you can get interest on your money without further delays associated with closure (and then just close the account with the minimum balance) by putting it in (say) a 'Plussaver' account.

Beate

I emptied and closed mine yesterday, but I had to phone them up as they only allow you to withdraw all money minus a pound, so you have to phone them up to get it properly closed.

martinman3

You have it easy nowadays :rolleyes: , when my mother wanted to close her account at A&L just after they demutualised she had to make an appointment with the manager before they would let her (and it wasn't the same day !)

It saddens me that the Alliance Building Society branches had a very good reputation in the 1980's and look at it now. It was one of those mergers that was actually a takeover by the Leicester.

sanfly

Milarky wrote: »

Yep, 1st or 2nd of the month. But if you can draw the balance down immediately you can get interest on your money without further delays associated with closure (and then just close the account with the minimum balance) by putting it in (say) a 'Plussaver' account.

Hi milarky, do you mean transfer the balance less £1 to the linked account then close at a latter date, how does this get interest on your money without further delays??

The_Fiddler_2

I know there are restrictions on the account, but if you are leaving your money lying and not using it, the account has one of the best rates at the moment.

Scarlet_Fever

i cant get through to anyone to close my accounts!! !!!!!! - am really stressed now - been hanging on for what feels like days!!

pmorrison_2

Just wondering, which A&L account is it that everyone is closing? Are there specific problems with them?

LongTermLurker

pmorrison wrote: »

Just wondering, which A&L account is it that everyone is closing? Are there specific problems with them?

The posts are from February - that's quite a long time ago

pmorrison_2

Ah yes, I saw the first 02 and just assumed that they were from the start f this month!