Coventry E-Bond

cheggers

Was about to open the Coventry E-Bond paying 5.8% last week but I was too busy. Went to open the account today and its been closed.

Anyone know if its coming back, or any bonds paying 5.7% or above at the moment?

ReportInvestor

Derbyshire BS pays 5.75%.

The Cov won't come back. They'll have taken a pile of dosh with that offer and be pretty sated.

cheerfulcat

Anglo Irish Bank has an account paying 5.85% fixed for a year, here.

ReportInvestor

True. But cheggers does like to "support" the mutual sector where possible .

cheggers

cheerfulcat wrote:

Anglo Irish Bank has an account paying 5.85% fixed for a year, here.

Daft question are they as safe a building society, don't want to loose my money?

cheerfulcat

Hi cheggers,

They are certainly as safe as any bank; don't know if there's a difference! Anyway, the bank is regulated by the FSA and covered by the FSCS so you should be OK. If it's any use to you, there's been a branch in Belfast for as long as I can remember ( 25 years, anyway ) so they've been around for a while.

realaledrinker

One in Brum too & no doubt elsewhere in the UK. Don't they own Bristol & West?

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No. B&W was owned by Bank of Ireland who retained the mortgages but sold the branches & savings business to Britannia BS in an unusual "remutualisation" so the savers became members of Britannia.

Existing Britannia members paid over the market rate for B&W savings & branches which no-one else seemed to want .

The reason was a technical / legal one but the advantage for Britannia was that it would not have to compete so hard in the cut-throat UK savings market (as per normal).