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Coventry BS - 5.10% Current account
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Tim_L
Posts: 3,816 Forumite
Very interesting little flyer came with my mortgage statement. CBS are starting a current account with a 5.10% AER (just shy of 5% gross) interest rate paid monthly of which 0.85% is a 1 year bonus. The deal is that you pay in £1000 a month from a non-CBS source to get the rate.
The nice thing is that there appears to be no practical limit (well, 250K) to the amount you can put in, so it looks to me like a decent savings account as well.
One drawback is that you can't have a chequebook, but all other banking facilities seem to be available.
No obvious inducements at present, apart from the rate. But looks pretty good to me.
The nice thing is that there appears to be no practical limit (well, 250K) to the amount you can put in, so it looks to me like a decent savings account as well.
One drawback is that you can't have a chequebook, but all other banking facilities seem to be available.
No obvious inducements at present, apart from the rate. But looks pretty good to me.
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Comments
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Very interesting indeed. nothing on the website yet.
Does the flyer say if you will be able to set up direct debits into/out of the account?God save the King!
I'll save Winston Churchill, Jane Austen, J. M. W. Turner and Alan Turing.0 -
DDs are available, yes. 0845 7665522 Coventry First Current and Savings Account0
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I spoke to someone in branch about this a few months ago just when the rumour had reached them, and there is not going to be an overdraft facility either, which is obviously a good or bad thing depending on how you look at it
That was all rumour though, so whether it turns out to be true we will have to see.....
5.1% is pretty nice though
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This account launched in only 12 of their branches as part of a pilot
study. The 12 branches are Abingdon,Headington,Merry Hill,Quinton,
Birmingham, Kidlington,Northampton, Stourbridge,Cowley,Leicester,Oxford
and Wolverhampton. You can apply only there.
Date of full launch is yet to be confirmed. I'll post it later.
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They sent me a the flyer and then an application pack through the post after I emailled them.
...acording to the flyer you get an automatic interest free overdraft of £250 :j
:beer:God save the King!
I'll save Winston Churchill, Jane Austen, J. M. W. Turner and Alan Turing.0 -
Has anyone opened one of these accounts yet? 0
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Yes, my wife applied last week. Just waiting for the confirmation.0
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I widh you wouldnt put BS in the title of threads. Makes me all paranoid
Only joking 2008 Comping ChallengeWon so far - £3010 Needed - £230Debt free since Oct 20040
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