Coventry Poppy Account to 3.15% From Today

Stompa

typistretired wrote: »

Took your advice and opened a Derbyshire account today. Bit irritating that you have to send a cheque for opening deposit and no freepost for sending application and cheque. States could take up to 15 days before I receive opening of account details.

FWIW mine was up and running in less than 72 hours.

Miss_money_2

Hello

I am just getting the hang of all these savings accounts. My savings are literally just sat in a very low interest savings account. I have applied for the Coventry BS Poppy Saver account but just wanted to know whether I should put all my savings in there? I do tend to dip into my savings now and then. For example to pay off car insurance etc. Does the Coventry one mean that I can only withdraw from it four times in a year? So basically, I can't just dip into it when I want?

I opened an ISA today! Hurray! I am slowly becoming savvy I think!

My next move is small shares but I have no idea where to start!

Many thanks

oldagetraveller

" Does the Coventry one mean that I can only withdraw from it four times in a year? So basically, I can't just dip into it when I want?"
Correct and if you closed the account that also counts as one of the four.
You might be better putting some in the Derbyshire Net Saver (Issue 1) http://www.thederbyshire.co.uk/Savings_Portfolio.aspx?id=3491 for "dipping" into. That account is "easy access".

597money

re. Coventry Poppy Online Saver

Is anyone able to confirm that with the Poppy account it asks if you want Monthly Interest when signing up online?

It appears the Derbyshire only pays yearly interest.

Thanks

talexuser

I don't remember a monthy option on this account when I signed up.

Edit - from below, there must have been one!

[Deleted User]

Hi,

597money wrote: »

re. Coventry Poppy Online Saver

Is anyone able to confirm that with the Poppy account it asks if you want Monthly Interest when signing up online?

It appears the Derbyshire only pays yearly interest.

Thanks

Interest

• Interest is paid either annually on the anniversary of account opening or monthly on the last day of the month

from here.

2010

I have a 30 day notice esaver account with the Cov, think I`ll transfer to the poppy bond.

2010

Once again, excellant service from the Coventry. :T

Applied online for the Poppy account on Tuesday evening, received paperwork first thing Wednesday, signed and posted cheque same day and when I checked last night, the Poppy account all set up.

Have given the 30 day notice on my E saver for the transfer to the Poppy.

roddydogs

And your contributing to a worthy charity.............pity about the awful "Grid Card"

roddydogs

roddydogs wrote: »

And your contributing to a worthy charity.............pity about the awful "Grid Card"

, and the fact theirs a 1 year Bonus so itl probably be only for 1 yr