New Egg Account offer

YorkshireBoy

~Chameleon~ wrote: »

That's 3 ES accs I've got now, as I only just opened the 6.05% one the other day :rotfl:

You might want to keep a close eye on the rate you're getting on the second 'introductory rate offer' account, because the T&C's state...

11. During the Introductory Offer Period only one Account in your sole name may be opened...

http://new.egg.com/visitor/0,,3_62179--View_149,00.html

~Chameleon~

YorkshireBoy wrote: »

You might want to keep a close eye on the rate you're getting on the second 'introductory rate offer' account, because the T&C's state...

I might give them a call to check on that then, although the way I read it is that you can only open one account at the current promotional rate (i.e. 6.30%) and as this new offer has succeeded the previous 6.05% promotional rate, and is no longer available, then I should be ok

I think the key point is that you can't transfer funds between these accounts so need new money to satisfy the T&C's.

YorkshireBoy

~Chameleon~ wrote: »

...I should be ok

As long as you don't accidentally deposit in the wrong account, wait all year, and then only get 4.75% on it. :eek:

Suggest you call your second 'intro' account "no deposits allowed".

~Chameleon~

YorkshireBoy wrote: »

As long as you don't accidentally deposit in the wrong account, wait all year, and then only get 4.75% on it. :eek:

Suggest you call your second 'intro' account "no deposits allowed".

LOL!!!! I've actually named them with their interest rate so I make sure I don't credit the wrong one

meinnit

meinnit wrote: »

As this is fixed rate does the account close once you make a withdrawal?

Going by this it sounds like its a fixed rate with instant access:

[FONT=Arial, Helvetica, sans-serif] [/FONT]

Account accessibility It's your money so access it without prior notice or penalty. Get money to a nominated bank account, normally within three working days of your request. Check your balances online, it's so easy. As are deposits, of course. We offer you a variety of options for paying money into your account, the only difficulty is deciding which one suits you best. No withdrawals can be made in the first three working days after your account is opened.

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Ximian

KTF wrote: »

Once the money is in you cant take it back out again. The Egg account seems to be just like a normal instant access account except that it has a fixed rate.

Aaah ok, I jumped the gun, never read the Egg terms and conditions.

Milarky

~Chameleon~ wrote: »

LOL!!!! I've actually named them with their interest rate so I make sure I don't credit the wrong one

Mine goes by the name 'Egg 605' (so it's meaningful - if no longer accurate!)

meinnit

I just opened my account. How long does it take for existing egg customers?

KTF

Mine was showing online within about 1 hour from applying

~Chameleon~

meinnit wrote: »

I just opened my account. How long does it take for existing egg customers?

If you make a payment into it via your debit card it should be almost instant, otherwise it will be in the queue for extra security checks (according to their CS) and take a few hours to show up.