Anyone Got An A&L E-Saver?

doire_2

The AER will be lower if you withdraw.

What exactly does the AER fall to if you make a withdrawl?

I cant find any info on it.

Thanks

nicko33

They can't give you an exact AER because it depends on how months you make withdrawals in.

"Free withdrawals in July. No interest is earned on the account balance for any other month in which a withdrawal is made. "

You might get 6.5% every month
or 0% for 11 months and 6.5% only in July

doire_2

nicko33 wrote: »

They can't give you an exact AER because it depends on how months you make withdrawals in.

"Free withdrawals in July. No interest is earned on the account balance for any other month in which a withdrawal is made. "

You might get 6.5% every month
or 0% for 11 months and 6.5% only in July

I dont understand what you mean.

I know i get 0% if i make a withdrawl but what do they mean by "The AER will be lower if you withdraw."

Should they not just say it will be 0% if you withdraw?

chesky369

If you withdraw money in say April, you don't get any interest that month. So, it just depends how much interest you lose over the year.

macgyver

The AER is the interest for the whole year so if you make a withdrawl in one month say April, you will get an interest of 0% for April so affecting the overall AER

doire_2

Cheers for the help