[Gllug] Online banking

[Nick Richards]

Tet,

I think rumours of egg's demise are greatly exagerated
since they announced a (pre tax) profit of £4.1m in q1
2002. Egg doesn't offer better rates than anyone
anymore 12.1% is good but cahoot are much better at
around 8%. I use them because they allow you to do a
direct debit every month and I like their site.

(I also use smile for a student curtrent account and
they're really good)

Both smile and egg are very Open Source browser
compatible and I can thorougly reccomend both of them.

nick

> 
> >I've got an egg card.  Website works fine with
> Mozilla...
> 
> Yep, assuming the company stay around for much
> longer. FYI I work for a
> credit card company. Egg currently offers better
> rates than us (in fact,
> they offer better rates than *anyone*). But for how
> long? They're going
> down the route that caused so many internet startups
> to fail, by losing
> money to gain market share. For every pound you
> borrow from Egg, they
> lose 15p. Great for the consumer in the short term,
> but not a sustainable
> business model...
> 


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