Coventry BS

ahai1

Thank you for all your help. I am surprised they are that quick as anything good on MSE has too many customers to deal with.

Drebin

Once you've set up online access with Coventry BS, any future accounts you might want to open with them, only takes a couple of minutes.

Last year the base rate dived a shortly after Coventry BS announced the Poppy bond. Everyone knew they were going to pull it within days. I had the account open in minutes and was loading it with cash within hours.

I also opened a netsave and CS bond with them and they were showing up on my accounts page after a few hours of filling in the online form.

It's a good idea to have online access set up with them as they often announce competitive bonds and pull them quite quickly.

savetilibleed

ahai1 wrote: »

Thank you for all your help. I am surprised they are that quick as anything good on MSE has too many customers to deal with.

I suppose there lies the danger, flood a small, efficient building Society with our money when they make good offers, and they maybe won't cope, leading to slow service. Shh don't tell anyone else about them :rolleyes:

barak

savetilibleed wrote: »

.....a small, efficient building Society.....

Efficient, yes - but small? Coventry BS had 4th largest assets out of 59 on latest published [2007] figures.

mike22

Does Coventry BS support Faster Payment through online banking?

ahai1

I am not sure but they do use HSBC for clearing.

BTW the 2 year bond has closed and the 1 year bond has gone down last time I checked. Though Birmingham Midshires have a 3.50% internet bond which is more difficult to open.

Drebin

mike22 wrote: »

Does Coventry BS support Faster Payment through online banking?

Yes, transfers from my RBS account to Coventry BS show up within an hour or two.

ahai1

Do I become a member of the society?

evenasus

mike22 wrote: »

Does Coventry BS support Faster Payment through online banking?

They accept faster payments but do not send faster payments.

Old_Slaphead

Payments out of my Cov 1st takes 2 days to reach destination.

Payments out of my Nat Flexaccount take 3 days.

As I understand it, although they don't clear straight away, payts into Cov accounts earn interest from day 1.