New Alliance & Leicester 6 month bond on Moneyfacts top 5

Meltdown_2

tawse57 wrote: »

My nearest Brum Midshires branch is over 100 miles away. My nearest Icelandic branch is about 1,500 miles away. My nearest A&L branch is about a mile down the road.

I didn't realise you could be 1500 miles away from London and still be in the UK ...;)

chesky369

Perhaps tawse goes upwards

dwsjarcmcd

Just out of interest, what rate/type of product do these A & L mature onto?

PBA

Meltdown wrote: »

I didn't realise you could be 1500 miles away from London and still be in the UK ...;)

Do Icesave have a branch? Thought they were online only. Still, I'm sure many peopler are nearer an A&L branch than Icesave.

bristolleedsfan

PBA wrote: »

Do Icesave have a branch? Thought they were online only. Still, I'm sure many peopler are nearer an A&L branch than Icesave.

+ If A+L go bust Darling the guarantee man will make sure "every little thing would be alright" :rotfl:

Darth_Calculus

Does anyone know what the deal is with regards to the stipulation that the bond can only be opened with "new Alliance & Leicester money"?

I have c£15k in the A&L eSaver (6.5%), that I was thinking of moving to the 6 month bond (6.83%).

However, I read that it is only for new money, so would I have to wait until the 1st of the month (interest payment date), transfer the cash to my A&L current account, then transfer to a non A&L account, then apply for the bond, and then transfer the cash out of the non A&L aco!!!! to the bond.

This seems like a ridiculous waste of time, is there any way round it? The difference in interest between eSaver and bond is about £20, which I would have thought worth it, if it was simply a case of going eSaver --> Current A/c --> bond, but with all of the extra kafuffle, I am not sure I'd bother.

There'd be the lost interest in transit, and the extra leg work on my part, which I would not mind doing, if I thought it was neccessary, which I am thinking all of this jiggery pokery is not!



Thanks in advance.

DC