Britannia/Co-Op savings account

In_for_a_penny

Hello,

Despite all the furore surrounding the situation with the Co-Op bank, would it be foolish to open a savings account with them?
I have a sum of money (approx. £25k) that I would like to place into an easily accessible savings account and the Britannia(Co-Op) appears to offer the best 'clean' deal at the moment. (No pun intended!) at 1.5% and four withdrawals per year allowed.

Thanks.

ColdIron

Your money is safe up to £85,000 so no problems there
If you're motivated by the best deal for you, rather than ethics, probity or good governance, then I'd go for it

mike88

I've recently opened the same account and so has my wife.

nilrem_2

I have recently reinvested a Fixed rate bond with Co-op bank, recent events do not cause me any concern over the safety of my money.

jimjames

In_for_a_penny wrote: »

Hello,

Despite all the furore surrounding the situation with the Co-Op bank, would it be foolish to open a savings account with them?
I have a sum of money (approx. £25k) that I would like to place into an easily accessible savings account and the Britannia(Co-Op) appears to offer the best 'clean' deal at the moment. (No pun intended!) at 1.5% and four withdrawals per year allowed.

Thanks.

Have you already maxed out the better options with current accounts paying 5%/4%/3%? No limits on withdrawals at all but you do need various accounts. Could always mix and match between the 2 to get the best return though.

In_for_a_penny

Hi,
Thank you all for the prompt replies. In answer to the last post, yes, I do have one of the interest paying current accounts already.

Given the positive responses, I have posted my completed application this morning :T

Thank you again.