New Egg Account offer

meinnit

~Chameleon~ wrote: »

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.

That sounds about right! I didn't credit it at the time of opening.

~Chameleon~

meinnit wrote: »

That sounds about right! I didn't credit it at the time of opening.

That'll be why then. I only found this out the other day after phoning to check the 6.05% one had opened ok as it wasn't showing on my account.

I'm still waiting for Lloyds to pay me my damned interest today so I can transfer more money over! Think they're leaving it till close of businees the cheeky so-and-so's :rolleyes:

Dagobert

I got confirmation that Egg's 6.3% interest rate is also applied to accounts opened at 6.05%.

Dagobert

With reference to my previous post above, it has been confirmed to me that the higher rate is back-dated to date of opening.

~Chameleon~

I can confirm Dagobert's message is true, and that apparently if you have opened more than one account (as I did with 6.05% and 6.30%) that both accounts will be paid at the rate of 6.30% and we won't be penalised, as was suggested earlier in the thread.

YorkshireBoy

~Chameleon~ wrote: »

...both accounts will be paid at the rate of 6.30% and we won't be penalised, as was suggested earlier in the thread.

So condition 11 is meaningless then?

I wouldn't chance it myself. Even if you have it in writing (secure message), you may still have a load of grief next year if both are funded (or only the second one is funded).

Milarky

BTW, although the interest can't be paid monthly at the same AER (I asked) Egg have said that an 'interest-to-date' figure is obtainable on request (so anyone can check that they've been getting the correct rate)

Dagobert

I just received my interest payment and am trying to check their calculations. Unfortuantely, there is a £10 discrepancy. Before I fire off a secure message, I'd like to check whether I overlooked anything.

I am applying 6.3% as per posts #34 + #35.

According to their T&Cs interest is applied to the daily balance.

I made most deposits by debit card. Two years ago it was confirmed to me by secure message that debit card pay-ins accrue interest from the date they are added to the balance.

Any ideas what the discrepancy could arise from?

Lokolo

Someone has a spreadsheet of working out Eggs interest but not sure where it is, Ill have a looky around.

http://rapidshare.com/files/233760378/Savings_-_Interest_Calculator.xls.html

Thats mine, fiddle around with that

Dagobert

Lokolo wrote: »

Someone has a spreadsheet of working out Eggs interest but not sure where it is, Ill have a looky around.

Thanks for the offer. But I have already created the spreadsheet.

My question did not relate to the formulae but to the T&Cs (i.e. when payments start accruing interest or anything else I might have overlooked).