From Egg to Principality

Lynt_3

I want to close my Egg account and am thinking of moving my money to Principality ESaver.
Before I do, any comments about Principality? I need to have instant access as I use my savings to supplement my income, and pay for unexpected large bills etc.
The interest is paid annually; I would prefer monthly but no choice.

Any thoughts?

Cheers
Lynt

bristolleedsfan

Lynt wrote: »

I want to close my Egg account and am thinking of moving my money to Principality ESaver.
Before I do, any comments about Principality? I need to have instant access as I use my savings to supplement my income, and pay for unexpected large bills etc.
The interest is paid annually; I would prefer monthly but no choice.

Any thoughts?

Cheers
Lynt

Principality E-Saver rate is likely to be reduced on or around 1st March following February Base Rate Reduction, No reduction was made following previous base rate decrease hence reason Principality E-Saver is prominent in the best buy tables.

Whilst rate will remain higher than Egg rate whatever occurs on 1st March 2008, peoples experiences have been BACS withdrawals from Principality E-Saver taking longer than from most other online accounts.

Assessing the situation after March 1st ish might be a good idea, or factor in a 0.25% reduction on this account should u wish to make a decision now.

Lynt_3

Thanks for that Bristolleedsfan. I might wait a couple of weeks then.

It's a jungle out there isn't it!

bristolleedsfan

Lynt wrote: »

It's a jungle out there isn't it!

Whilst Yorkshire BS Internet Saver is currently 0.30% Gross below Principality E-Saver with a rate reduction also likely on or around 1st March, it does offer true instant access via a link cashpoint card.


http://www.moneyfacts.co.uk/savings/bestbuys/internet-savings-accounts.aspx