The Top Easy Access Savings Discussion Area

andyhicks88

Omg I opened the wrong one LOL!  I opened a normal easy access one not the 6 access one!  I really thought I'd opened the limited access one, was sure, but no, how very stupid of me.  Well, that's that one out the window!

Bridlington1

andyhicks88 said:

Omg I opened the wrong one LOL!  I opened a normal easy access one not the 6 access one!  I really thought I'd opened the limited access one, was sure, but no, how very stupid of me.  Well, that's that one out the window!

Fear not, YBS's rainy day saver rises to 3.35% on 17th so you can always get that one raring and ready to go.

chris_the_bee

phillw said:

Most people will save themselves the hassle and leave the money in bank A as the difference in a few weeks of interest doesn't justify their time.

Agree, but over a year or more it will mount up.

andyhicks88

Bridlington1 said:

andyhicks88 said:

Omg I opened the wrong one LOL!  I opened a normal easy access one not the 6 access one!  I really thought I'd opened the limited access one, was sure, but no, how very stupid of me.  Well, that's that one out the window!

Fear not, YBS's rainy day saver rises to 3.35% on 17th so you can always get that one raring and ready to go.

Can't believe I've done that honestly. I must of clicked on the wrong account by mistake when I went to apply and just somehow never noticed even after I opened it. How annoying,

I've looked at that YBS account already but trouble is it's only a 2 access, so even though it's a slightly better rate it's a bit more limited access than I would liked. The Coventry one was ideal and I messed it up.

where_are_we

phillw said:

AmityNeon said:
A rate increase implies the current rate is suboptimal, so for me, announcements of rate increases do nothing to prevent outflows of cash (because my cash was never there to begin with).

You have money in bank A, which is the highest rate, bank B announces a higher rate, bank A announces a higher rate in a few weeks.

Most people will save themselves the hassle and leave the money in bank A as the difference in a few weeks of interest doesn't justify their time.

The banks aren't trying to impress you.

Or bank A doesn`t announce a higher rate in a few weeks or even a few months. There are plenty of posts asking when is bank A going to increase their interest rates to match bank B. There is not much hassle moving money to the best rate especially if you already have the best accounts already in place. "Ride the crest of the wave" is the MSE mantra!

ashby6567

I've just checked my Coventry BS account and my Limited Access Saver 6  has increased to 3.20%, I also have a Limited Access Saver in which I withdrew all savings but £1 in March 2022, that account's rate has also been increased to 3.20% so if I split my savings between both accounts I'm entitled to 6+ withdrawals if need be. Am I correct on that point? I'm not sure how many withdrawals I'm entitled to with the older account though. I can't remember the T&C's.

Band7

andyhicks88 said:

Bridlington1 said:

andyhicks88 said:

Omg I opened the wrong one LOL!  I opened a normal easy access one not the 6 access one!  I really thought I'd opened the limited access one, was sure, but no, how very stupid of me.  Well, that's that one out the window!

Fear not, YBS's rainy day saver rises to 3.35% on 17th so you can always get that one raring and ready to go.

Can't believe I've done that honestly. I must of clicked on the wrong account by mistake when I went to apply and just somehow never noticed even after I opened it. How annoying,

I've looked at that YBS account already but trouble is it's only a 2 access, so even though it's a slightly better rate it's a bit more limited access than I would liked. The Coventry one was ideal and I messed it up.

Keep your powder dry. I reckon we will see a few more >= 3.25% with fewer restrictions before long

Band7

ashby6567 said:

I've just checked my Coventry BS account and my Limited Access Saver 6  has increased to 3.20%, I also have a Limited Access Saver in which I withdrew all savings but £1 in March 2022, that account's rate has also been increased to 3.20% so if I split my savings between both accounts I'm entitled to 6+ withdrawals if need be. Am I correct on that point? I'm not sure how many withdrawals I'm entitled to with the older account though. I can't remember the T&C's.

I am not sure what accounts you are referring to as I don't think Coventry has a 3.2% account, and definitely not two with that rate.

Can you verify the interest rates, and also post the exact titles of the accounts?

chris_the_bee

ashby6567 said:

I've just checked my Coventry BS account and my Limited Access Saver 6  has increased to 3.20%, I also have a Limited Access Saver in which I withdrew all savings but £1 in March 2022, that account's rate has also been increased to 3.20% so if I split my savings between both accounts I'm entitled to 6+ withdrawals if need be. Am I correct on that point? I'm not sure how many withdrawals I'm entitled to with the older account though. I can't remember the T&C's.

Coventry have a number of Limited Access accounts, mostly discontinued and at a lower rate.
The best way to tell is to look in your online account at your particular account(s).

Spacie22

Band7 said:

ashby6567 said:

I've just checked my Coventry BS account and my Limited Access Saver 6  has increased to 3.20%, I also have a Limited Access Saver in which I withdrew all savings but £1 in March 2022, that account's rate has also been increased to 3.20% so if I split my savings between both accounts I'm entitled to 6+ withdrawals if need be. Am I correct on that point? I'm not sure how many withdrawals I'm entitled to with the older account though. I can't remember the T&C's.

I am not sure what accounts you are referring to as I don't think Coventry has a 3.2% account, and definitely not two with that rate.

Can you verify the interest rates, and also post the exact titles of the accounts?

The rate on the Liimited Access 6 shows as 3.20% if you have it set up for monthly interest.