3.1% Easy Access Account - Coventry Poppy Online Saver

talexuser

yes, it looks very much like a reply to the Derbyshire account. But remember the Derbyshire is unlimited withdrawals against the Coventry of only 4 free per year, and interest withdrawal counts as one of these.

So the extra 0.04% or net 0.032% is an extra 32 PENCE in every THOUSAND pounds... unlimited withdrawal wins in my book unless it's for your "stash and forget" nest egg. (I have both accounts for spreading around compensation limits )

roddydogs

But you dont need to lose the interest (which is only 50 days anyway, or less than 1/7th), if youve made 3 withdrawals, and you need more, just close the a/c. 5then go to Derbyshire, or whatever.

talexuser

roddydogs wrote: »

just close the a/c. 5then go to Derbyshire, or whatever.

The total loss of interest during the transfer process will be far more than any extra cash from the difference in interest rates.

roddydogs

Yes, but if youve Already got the Cov a/c!

talexuser

roddydogs wrote: »

Yes, but if youve Already got the Cov a/c!

that's immaterial, a couple of BACS or a BACS and a cheque will lose an order of magnitude more money through the transfer process than the difference in interest.

SnowMan

According to emoneyfacts the Coventry poppy on-line saver (3.15% AER) account is being withdrawn on 1/9/2011 (Thursday).

So it is the last chance to get some TLC and open this account before time is called.

Easy come easy go (note for the pedants not instant come instant go)

cepheus

Still operational, unless they mean this is the last day.

http://www.coventrybuildingsociety.co.uk/savings-and-investments/easy-access/poppy/poppy.aspx?CBSRef=GPB009&WT.srch=1

Edit

Evidently Yes

Unfortunately our Poppy Online Saver account is no longer available. We do however have a Fixed Rate ISA (8) 31.05.2016 which may suit your needs

luvpump

equitydealer wrote: »

Well they are simply beating Derbyshire BS who have 3.11%

On say £20000 , that will be an extra £8 over a whole year

cepheus

No need to rush anyway there is plently of competition

West Brom boasts new best buy instant access rate at 3.17%



By Dan Hyde Last updated at 10:56 AM on 2nd September 2011

Real deal? West Brom's 3.17 per cent rate is good, but watch out for the capped withdrawal limit, says Dan Hyde

A new 3.17 per cent rate has catapulted West Bromwich Building Society to the top of the instant access savings tables

Read more: http://www.thisismoney.co.uk/money/saving/article-2032630/West-Brom-boasts-new-best-buy-instant-access-rate-3-17.html#ixzz1WnErhc6k

absolute0

Does anyone know what options you have for monthly interest, e.g. interest paid to a different bank account, or does it pay into the same account?

I am referring to the Poppy Online Saver (2)