NIB ECB tracker series I, rate question

S

Sarn

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I just contacted my local NIB about my ECB tracker series I account. I was going to close it (as 2% interest just isn't good enough) and transfer it into their regular saver (previous to this the terms were ECB + 1% up to 31/12/07, 2% thereafter).

Decided to confirm the current rate of interest it was paying out before I closed it. Gave in my details and was told that it was still 5% up until the end of May! I'm still waiting on my latest statement but intend to double check this tomorrow. Can anyone else confirm or deny this?
 
Hope this is not a silly Q but...What exactly is your Tacker series 1 account tracking to make you think that you were only getting 2%?
 
It was tracking the ECB rate up until the end of December 07, after that it was/is supposed to stop tracking and drop to 2%.
 
I have one of these series 1 accounts. I have it registered online - just checked it and it is still paying 5%.
 
I've a series 1. The rate guarantee extends until 31 Dec 2008.

Here's a quote from the T&Cs of the ECB Tracker Deposit Account I've on file

"3.4 The Account will mature on 31st December 2008. Unless the Bank receives instructions from you on or before the maturity date, the Account will revert to a demand deposit account and will be subject to a fixed rate of 1% per annum (Compound Annual Rate)"
 
Thanks everybody. Even better! My T&Cs are buried in a box and I obviously can't read the Financial Best Buys properly (must get new glasses).
 
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