Coventry 1 Year Bond

TCA

Thanks for the link BLB53. I've been looking at investment trusts for a while (many of those in that article) and now that I have a lump sum to hand, will be doing some more research. Have to say though that I'm not comfortable with lump sum investing and feel more inclined to stash the cash (albeit at poor rates) until markets dip. They might never dip of course! Have started monthly dripfeeding some trackers (from ongoing income) but can't bring myself to use my lump sum in the same way over whatever period.

C_Mababejive

Digressing slight but just had an email re on line saver (2). Apparently the rate is going to be docked to a fab 2%gross from late Feb. I feel they made the email confusing to try and blind me but nevertheless,i shall be pulling my wad. I'm not in the business of funding the profligacy of others.

alanq

C_Mababejive wrote: »

Apparently the rate is going to be docked to a fab 2%gross from late Feb.

Underlying rate is reduced from Feb 1st. Bonus of 0.40% applies from 1st anniversary until Feb 28th 2014. Perhaps that's where you remembered "late Feb" from.

C_Mababejive

alanq wrote: »

Underlying rate is reduced from Feb 1st. Bonus of 0.40% applies from 1st anniversary until Feb 28th 2014. Perhaps that's where you remembered "late Feb" from.

So from my first anniversary which i think is in April the rate will be 2.4% ??

alanq

C_Mababejive wrote: »

So from my first anniversary which i think is in April the rate will be 2.4% ??

No.

It is currently 2%+1.15% bonus. =3.15%
From February 1st until 1st anniversary 1.60%+1.15% bonus =2.75%
From 1st anniversary 1.60%+0.40%= 2.00%

derrick

Re the last few posts, I have just received a letter from the Coventry informing me that from 1st Feb, the interest on the Telephone Saver account is being reduced from 3.25% to 2.75% gross. The 1.25% AER first year bonus continues to apply.

.

savetilibleed

derrick wrote: »

Re the last few posts, I have just received a letter from the Coventry informing me that from 1st Feb, the interest on the Telephone Saver account is being reduced from 3.25% to 2.75% gross. The 1.25% AER first year bonus continues to apply.

.

Similarly I have had an email informing me that my Online Saver (2) will drop from 3.11% monthy to 2.72% also from 1 Feb 2013. When the year one bonus expires (for me 08/04/13) the new bonus will be 0.39% until 28 Feb 2014.