MSE News: Coventry launches top-paying savings account

edda

If you don't want to read all the links, the rate for the 1st year of Coventry postal savings is:

3.3% (issues 1, 2 and 3)

3.15% (issue 4) <---- the new account you can open

You can only ever open one 1st class postal account - even if you've closed an earlier one.

2010

Anyone that sent off for an application for the 3.3% issue 3 still has time to send it in.
The deadline is Saturday 6th Feb,all applications must be received by then.

I sent mine off today after looking at issues 1,2 and 3,which all paid 3.3% and now that rate has been cut to 3.15%.
It seems at the moment the general trend on saving rates are downwards,yet inflation is on the way up!:(

Can`t really lose with this at 3.3% because you can still get at your dough if a much better rate comes along.

ashteadgirl

Don't suppose anyone has a link or .pdf of issue 3 application form have they?? Kicking myself for missing this one - too busy head down in tax return and lost it!!! Would really appreciate if if there is one hanging around

2010

ashteadgirl wrote: »

Don't suppose anyone has a link or .pdf of issue 3 application form

There was no online application form.
You could,online,request a form that was then sent out by post.

The account,as the name suggests,can only be operated by post and not online.

Issue 4 is available now but has been reduced to 3.15% a cut of .15%.
Anyone who gets one of these accounts can only ever have one,no matter how many more come out.
(well that`s what Coventry say for now)

ashteadgirl

Thanks 2010 - did not realise that - was hoping it was one of the many print and complete application forms. Have requested issue 4 pack as still good deal.

2010

This postal account can be viewed online if you already have an online account with the Cov.
Sent my 3.3% application on Sunday,all sorted and showing yesterday.

Old_Slaphead

2010 wrote: »

This postal account can be viewed online if you already have an online account with the Cov.
Sent my 3.3% application on Sunday,all sorted and showing yesterday.

Just a pity that online viewing doesn't have online access.

Cheque withdrawals with postage time, inconvenience of going to bank and clearance times - it can take more than a week to get funds:sad:

2010

Old_Slaphead wrote: »

Cheque withdrawals with postage time, inconvenience of going to bank and clearance times - it can take more than a week to get funds:sad:

Coventry are always bringing out decent paying accounts and if one comes along there`s nothing to stop you applying and then transferring the funds from your "postal" account.

Old_Slaphead

2010 wrote: »

Coventry are always bringing out decent paying accounts and if one comes along there`s nothing to stop you applying and then transferring the funds from your "postal" account.

If that's the case then I'd agreed it's a good account