The Top Easy Access Savings Discussion Area

Freedommm

Shocked in disbelief, received this letter from Coventry BS after weeks of being unable to log in or deposit anything in my account.

"As part of our internal processes we use the Fraud Prevention Agency Cifas in the prevention

and detection of crime. Information has recently come to our attention which is of concern.

We have therefore made the decision to immediately close your account.

We are unable to provide any further information to you relating to this matter, however I have

enclosed a guidance leaflet detailing where further information is available directly from Cifas.

Please also take this letter as confirmation that you will not be permitted to hold any accounts

with the Society in the future."

How many other people received this? Did these idiots leave something bad in my credit file now? If they did, they acted illegally I will have to report them and they will have pay large fines, much larger than the measly 3.25% pa.

In a way, relieved. Figured out, no point waiting for these clowns and parked savings somewhere else for now.

dale_cotterill

Freedommm said:

Shocked in disbelief, received this letter from Coventry BS after weeks of being unable to log in or deposit anything in my account.

"As part of our internal processes we use the Fraud Prevention Agency Cifas in the prevention

and detection of crime. Information has recently come to our attention which is of concern.

We have therefore made the decision to immediately close your account.

We are unable to provide any further information to you relating to this matter, however I have

enclosed a guidance leaflet detailing where further information is available directly from Cifas.

Please also take this letter as confirmation that you will not be permitted to hold any accounts

with the Society in the future."

How many other people received this? Did these idiots leave something bad in my credit file now? If they did, they acted illegally I will have to report them and they will have pay large fines, much larger than the measly 3.25% pa.

In a way, relieved. Figured out, no point waiting for these clowns and parked savings somewhere else for now.

You should probably look into it. If Coventry can see something, everyone else certainly will.

pecunianonolet

dale_cotterill said:

Freedommm said:

Shocked in disbelief, received this letter from Coventry BS after weeks of being unable to log in or deposit anything in my account.

"As part of our internal processes we use the Fraud Prevention Agency Cifas in the prevention

and detection of crime. Information has recently come to our attention which is of concern.

We have therefore made the decision to immediately close your account.

We are unable to provide any further information to you relating to this matter, however I have

enclosed a guidance leaflet detailing where further information is available directly from Cifas.

Please also take this letter as confirmation that you will not be permitted to hold any accounts

with the Society in the future."

How many other people received this? Did these idiots leave something bad in my credit file now? If they did, they acted illegally I will have to report them and they will have pay large fines, much larger than the measly 3.25% pa.

In a way, relieved. Figured out, no point waiting for these clowns and parked savings somewhere else for now.

You should probably look into it. If Coventry can see something, everyone else certainly will.

Check credit files of all 3 providers immediatly and go through it line by line and check if there is anything wrong or suspicious. Also, reflect if there is anything you might have done which you thought was fine but maybe wasn't or has been deemed as not being ok by a third party. For anything you might find in your file, seek clarification from the party logging it or complain/dispute it.

tg99

Gatehouse app now showing 2.90%.

ForumUser7

pecunianonolet said:

dale_cotterill said:

Freedommm said:

Shocked in disbelief, received this letter from Coventry BS after weeks of being unable to log in or deposit anything in my account.

"As part of our internal processes we use the Fraud Prevention Agency Cifas in the prevention

and detection of crime. Information has recently come to our attention which is of concern.

We have therefore made the decision to immediately close your account.

We are unable to provide any further information to you relating to this matter, however I have

enclosed a guidance leaflet detailing where further information is available directly from Cifas.

Please also take this letter as confirmation that you will not be permitted to hold any accounts

with the Society in the future."

How many other people received this? Did these idiots leave something bad in my credit file now? If they did, they acted illegally I will have to report them and they will have pay large fines, much larger than the measly 3.25% pa.

In a way, relieved. Figured out, no point waiting for these clowns and parked savings somewhere else for now.

You should probably look into it. If Coventry can see something, everyone else certainly will.

Check credit files of all 3 providers immediatly and go through it line by line and check if there is anything wrong or suspicious. Also, reflect if there is anything you might have done which you thought was fine but maybe wasn't or has been deemed as not being ok by a third party. For anything you might find in your file, seek clarification from the party logging it or complain/dispute it.

Do references tend to vary significantly between agencies? I thought that all would be notified of any issues etc, but I don't get how they work tbh

OP - You should also file a DSAR with CIFAS, in case they hold any markers for you

pecunianonolet

ForumUser7 said:

pecunianonolet said:

dale_cotterill said:

Freedommm said:

Shocked in disbelief, received this letter from Coventry BS after weeks of being unable to log in or deposit anything in my account.

"As part of our internal processes we use the Fraud Prevention Agency Cifas in the prevention

and detection of crime. Information has recently come to our attention which is of concern.

We have therefore made the decision to immediately close your account.

We are unable to provide any further information to you relating to this matter, however I have

enclosed a guidance leaflet detailing where further information is available directly from Cifas.

Please also take this letter as confirmation that you will not be permitted to hold any accounts

with the Society in the future."

How many other people received this? Did these idiots leave something bad in my credit file now? If they did, they acted illegally I will have to report them and they will have pay large fines, much larger than the measly 3.25% pa.

In a way, relieved. Figured out, no point waiting for these clowns and parked savings somewhere else for now.

You should probably look into it. If Coventry can see something, everyone else certainly will.

Check credit files of all 3 providers immediatly and go through it line by line and check if there is anything wrong or suspicious. Also, reflect if there is anything you might have done which you thought was fine but maybe wasn't or has been deemed as not being ok by a third party. For anything you might find in your file, seek clarification from the party logging it or complain/dispute it.

Do references tend to vary significantly between agencies? I thought that all would be notified of any issues etc, but I don't get how they work tbh

OP - You should also file a DSAR with CIFAS, in case they hold any markers for you

Not every institution reports to all 3 credit agencies so you might see something in one report but not in another. Having a Cifas in your report could create severe probems for a very long time in many areas so you really want to get to the bottom of it. Probably best to start a new thread in the sub section about it for better advice and help.

Malchester

tg99 said:

Gatehouse app now showing 2.90%.

Well that was hardly worth waiting for. Doesn't make me change my plans

TiVo_Lad

Freedommm said:

Shocked in disbelief, received this letter from Coventry BS after weeks of being unable to log in or deposit anything in my account.

"As part of our internal processes we use the Fraud Prevention Agency Cifas in the prevention

and detection of crime. Information has recently come to our attention which is of concern.

We have therefore made the decision to immediately close your account.

We are unable to provide any further information to you relating to this matter, however I have

enclosed a guidance leaflet detailing where further information is available directly from Cifas.

Please also take this letter as confirmation that you will not be permitted to hold any accounts

with the Society in the future."

How many other people received this? Did these idiots leave something bad in my credit file now? If they did, they acted illegally I will have to report them and they will have pay large fines, much larger than the measly 3.25% pa.

In a way, relieved. Figured out, no point waiting for these clowns and parked savings somewhere else for now.

You should also immediately make a CIFAS Data Subject Access Request

https://www.cifas.org.uk/dsar

refluxer

Paragon have increased Issue 11 of their Triple Access Account to 2.91%

Save from £1, 3 withdrawals per year (rate reduces to 0.75% from your 4th withdrawal), variable interest rate - receive it monthly or annually, open and managed online.

Note that Paragon have a history of rewarding existing Triple Access account holders (both the ISA and non-ISA versions) with interest rate increases that are often higher for a while than the rates applied to new issues - previous issues of this account, for example, have been at 3.00% since the start of December 2022. 

They do seem to put their rates up a week or two before the BoE meeting rather than after though, so it might be worth holding off to see what happens at the next meeting on Thursday before considering this one.

janusdesign

refluxer said:

Paragon have released Issue 11 of their Triple Access Account at 2.91%

nice spot - though not a new release as that issue was initially issued by Paragon on the 13th January with a rate of 2.85%.

I opened one at that previous rate a fortnight ago and the existing account is now showing the updated monthly rate.