alliance & leicester first saver children's saving account review

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Average Ratings
Value for Money2.4/10
Reviewer Rating2.4/10
Overall Rating3.9/10 Based on 7 ratings
0% Recommended0 out of 5 Reviews

Review of Alliance & Leicester First Saver Children's Saving Account

By alelwells Rank: Lance Corporal on 4th May 2005

alelwells's Ratings
Value for money7/10
Overall value9/10
no alelwells's recommendation

Good Points

An excellent rate of interest of 5.25%.
Good access
Very friendly and helpful people

Bad Points

Account it to be discontinued and the interest rate is being reduced dramatically from 5.25% to 3.65%

General Comments

Good service and helpful people enabled me to open the account for my child. Good rate of interest at the time and access arrangements.
The interest rate will be reducing on this account from July to 3.65% gross and the A&L are discontinuing the account. Not fantastic. It was difficult to organise a standing order to the account on a regular basis, the account number is very long and took some time to sort out getting a regular payment set up. I will be closing this account and looking elsewhere because of the reduction in interest rates.

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