Re: Alliance & Leicester eSaver

Indeed. Watch our for that bunch of cut-throat profit-makers.

If you're joining to take advantage of a relatively high interest
rate, make sure you regularly check the interest rate, which
myteriously falls from being near to, if not the top of the best
rates tables at first, to very shortly afterwards being side-lined in
favour of some other account to grab the headlines, which you
probably will be prevented from opening.

After a year or so (or perhaps sooner), you will notice that the
interest rate for the account you joined for will be slashed to
roughly 1% below the then current BoE base rate. In order to find
this out, they will thoughtfully send you a letter which typically
arrives at the very end of the term they are required to inform you
of by law).

If you choose to find out this information yourself online prior to
them seemingly trying to avoid telling you until they really have to,
then you will need the experience of a police detective in order to
track down from their website which one of the multitude of
historical rates and issue numbers is applicable to your particular
account.

Don't all banks do this?

Quite!

A&L possibly top the table though!


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