Coventry Netsave Increase - but getting like ING

PosterBoy77

Coventry have sent me an email this morning confirming that after the recent rate rise they are increasing the rate on their netsave account by 0.15%, bringing it up to 5.4%. Looks like Coventry are going downhill. They failed to pass the last rate rise on completely. I now only use the account if I wish to pay a cheque in as you get interest from the day of deposit.

edda

They seem to be concentrating on ceratin sectors of savers such as the family credit money and over 60s.

Moved all my money out a while ago - except for £100 (in case of demutualisation and to save going through money laundering id clearance again).

bristolleedsfan

mikael wrote: »

Coventry have sent me an email this morning confirming that after the recent rate rise they are increasing the rate on their netsave account by 0.15%, bringing it up to 5.4%. Looks like Coventry are going downhill. They failed to pass the last rate rise on completely. I now only use the account if I wish to pay a cheque in as you get interest from the day of deposit.

coventry BS are famous for letting once good paying accounts slump

they making good profits though, not sure where the profits go being as they have no shareholders to pay. :rolleyes:

http://www.coventrybuildingsociety.co.uk/aboutus/financial.aspx