COVENTRY BS Poppy Bond

Stompa

http://forums.moneysavingexpert.com/showthread.html?t=1277217

mary

The Bond is being pulled from the website as of tomorrow (11th), close of business. Any additional payments can still be paid up untiol 21st Nov.

Froglet

That is good news,Mary.i have emailed them to ask that,not had reply yet.They assured you of that did they,are you in the same position as me?

mary

Yes, the lady on the phone said just that. I haven't emailed them to confirm it. But it took all of 5 minutes to click through and see it already open online. All I have to do is "fund" it from my nominated bank. I've even closed down my Northern Rock 6.9% a few weeks early, in order to take a gamble that rates are still going to drop, and forego a few weeks interest to gain another year at a lower, but the best that there is out there as we speak. Does make you a bit dizzy!

StarRover

mary wrote: »

The Bond is being pulled from the website as of tomorrow (11th), close of business. Any additional payments can still be paid up untiol 21st Nov.

I've just opened a poppy bond account on line (being an existing customer helped) and have spoken to the call centre who have given me a "pipeline" final date for payments of 18 November.

Froglet

It certainly does get you juggling.They said today that savers outnumber mortgages 6 to 1.Does not make any sense dropping as much,surely there was a happy medium.

I too have a Northern Rock bond like you,but we need a new bathroom next year so i cannot afford to tie any more up,much as i would like to.Luckily i have the Coventry over 50 account that is a fixed rate until April but instant access also,the best of both worlds,so i am ok till then.Probably won't have much left after the bathroom is done!!

rlfan82

Hi, is there a minimum deposit immediately due to open it?

Only get money on friday but would like to apply before tomorrows deadline

mary

£500 is the minimum

muffinhead

Can you make the inital payment by electronic transfer? If so, what is the largest amount you can send in order for it to transfer the same day through Faster Payments?

rlfan82

just to clarify.....

YOU DO NOT NEED TO TRANSFER MONEY BY TOMORROW - THEY ONLY NEED TO SEND YOU AN APPLICATION FORM!!!

just rang and mines on its way