Coventry BS 1st Postal - suck and slap already?

Gordias

Couldn't help but notice that the 3.3% headline rate is now 3.0% in Moneysupermarket. Having just transferred from A&L's 3.15% I could be somewhat aggrieved at the pretty early drop in this rate.

Does anybody know if they've just reduced the bonus or have reduced their variable rate, in which case previous deposits will all be affected? (I'm not home to check my paperwork on the bonus rate I received to see if its the former!)

Cheers

noh

Looks like they have introduced a new account called
1st Class Postal (2) savings account paying 3% including a 1% bonus.

The original account is no longer available to new applicants but is still paying 3.3% including the 1.3% bonus.

Noble_Savage

Gordias wrote: »

Couldn't help but notice that the 3.3% headline rate is now 3.0% in Moneysupermarket. Having just transferred from A&L's 3.15% I could be somewhat aggrieved at the pretty early drop in this rate.

Does anybody know if they've just reduced the bonus or have reduced their variable rate, in which case previous deposits will all be affected? (I'm not home to check my paperwork on the bonus rate I received to see if its the former!)

Cheers

All they've done is bring out a new one paying 3.00%. If you've got the previous one paying 3.30% you're unaffected. Your rate and bonus rate remains as before.

Don't panic!

Gordias

Thanks for looking into this. I can relax!

I missed the 6.25% Bucks BS Regular Saver before they dropped it to a lower rate. Looks like there is quite a lot of money ready to be moved around and these newer entrants to the mainstream savings market at getting a bit scared when loads flows their way.