Northern Rock E-Saver

vivgriffin

:think: I apologise if this has already been raised elsewhere. As you know, Northern Rock is a pretty safe place to put your savings (right now anyway) but, doesn't pay great interest rates. As I already am with them, I found out that they have just started offering a new E-Saver account today at a 6% rate. If you want to combine a reasonable rate with safety, you might want to open one of these. I suspect it won't be available for long.

fishingdobbie

What a load of idiots at NR . I opened a silver online saver when it was 6.25%, I deposited £52,000, two weeks later they dropped it 6.00%, a bit later they dropped it to 5.30% , I pulled my money out and split it between kaupthing and icici which I already had an account with. If they had opened this account when they dropped the rates on the silver saver, I would have transfered!

Greycrow

fishingdobbie wrote: »

What a load of idiots at NR . I opened a silver online saver when it was 6.25%, I deposited £52,000, two weeks later they dropped it 6.00%, a bit later they dropped it to 5.30% , I pulled my money out and split it between kaupthing and icici which I already had an account with. If they had opened this account when they dropped the rates on the silver saver, I would have transfered!

I agree, the new setup there seems to be as incompetent as it's predecessor.
I moved out a substantial sum, as well, which I'd have transfered to the new esaver. What a shower of wallies.

hansi

I still have my Silver Savings account with them but I've asked if this can be transferred. If not, I'll just open a new account and transfer it myself. :rolleyes:

roddydogs

.5% on £52000 is still about £230 pa more!

[Deleted User]

I opened an e saver on saturday and transferred from silver savings

Oblivion

hansi wrote: »

I still have my Silver Savings account with them but I've asked if this can be transferred. If not, I'll just open a new account and transfer it myself. :rolleyes:

The only thing I would point out is that this new e-saver is a 'strictly limited issue' and as far as I can see, carries no interest rate guarantee at all. It has all the hall-marks of a 'suck 'em in and then drop the rate quickly' product. Looks like they are desperately seeking a quick injection of deposits.

The now discontinued Silver Saver may not have a market leading rate, but at least it comes with the guarantee to be at least base rate until 31st January 2010.

Dave.

molly_mandy_2

The E-saver was very easy to open. If you are already an online customer you get an account number online immediately. Silver savings can then be transferred easily with immediate effect.

I left £1 in Silver Savings to keep the account open just incase E-saver drops and silver savings goes up ....... you never know with NR :rotfl:

Oblivion

molly_mandy wrote: »

The E-saver was very easy to open. If you are already an online customer you get an account number online immediately. Silver savings can then be transferred easily with immediate effect.

Can you please confirm that you were able to carry out a transfer from your Silver Savings to your new e-Saver account ON-LINE? It's just that the T&Cs for the new account refer to having to complete a transfer request form and send it to Head Office, but I suspect this is just a legacy of a cut and paste job from an earlier set of T&Cs.

Dave.

molly_mandy_2

Oblivion - As long as you have an ONLINE silver saver account, you can then transfer across to your new e-saver (your new e-saver will appear as a new account in your list immediately) and you will see it has arrived in the new e-saver immediately. I managed it and I'm no technical computer whizz kid lol

Oblivion

molly_mandy wrote: »

Oblivion - As long as you have an ONLINE silver saver account, you can then transfer across to your new e-saver (your new e-saver will appear as a new account in your list immediately) and you will see it has arrived in the new e-saver immediately. I managed it and I'm no technical computer whizz kid lol

That's great. Thanks very much.

Dave.