Egg Savings Advice

JPizzle

Hi,

I've seen the Egg Savings account, and I may apply, has anyone opened one of these? Is it worthwhile? Do I get a cash card etc.? Is the customer service good?

Thanks in advance:beer:

Lokolo

Customer Service very good, never had a problem.

Rate isn't the best. Don't get a cash card. Easy to move cash around.

Milarky

Lokolo wrote: »

Customer Service very good, never had a problem.

Rate isn't the best. Don't get a cash card. Easy to move cash around.

If you have Egg Money (credit card) already, however, you can transfer to this and withdraw via an ATM (but you need the discipline to avoid causing negative balances altogether - tricky if you also spend on the card)

Lokolo

Yeh I am waiting for Egg to release a debit card hmph.

jonesMUFCforever

Lokolo wrote: »

Customer Service very good, never had a problem.

Rate isn't the best. Don't get a cash card. Easy to move cash around.

6.3% gross fixed for 12 months with no restrictions over paying in and withdrawals seems pretty good to me. :T

Lokolo

jonesMUFCforever wrote: »

6.3% gross fixed for 12 months with no restrictions over paying in and withdrawals seems pretty good to me. :T

Check the other savings account

MoneyWorry

Have Internet A/C with Egg with no Cash Card. Very easy account to operate and extremely easy to move money around so cash card is not really necessary. The interest rate is a bit low though. Customer service excellent.

jonesMUFCforever

Lokolo wrote: »

Check the other savings account

If you are talking about the Halifax 10% regular saver deal or the 8% Abbey current account deal or the 12% A&l deal - fine but all these have terms and conditions which mean you won't make as much money as you think you will.

The one I mentioned is 6.3% whether its a £1 or £10000. It has no restrictions.

Lokolo

Do I really have to spell it out to you?

[FONT=Arial, Helvetica, sans-serif]Then move to our standard variable rate; currently 4.75% gross pa/AER (variable).

That savings account.

If you already bank with Egg thats the rate you get. This is what the majority of existing Egg customers will have. They will not get the 6.3% rate. The OP may, but I was speaking in general as that is what most Egg customers get with their savings account.
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YorkshireBoy

Lokolo wrote: »

[FONT=Arial, Helvetica, sans-serif]They will not get the 6.3% rate.[/FONT]

They will if they apply for it. I have one, and it runs alongside my 4.75% account.

You do only get the 6.3% rate on NEW money though. By NEW, I mean it has to come from outside the organisation...not transferred (at least not directly) from the 4.75% account.

Unless I've misunderstood you/your point?

Lokolo

Nope, but it does say on their site, limited offer for new accounts only... did you not have that problem?