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The Top Easy Access Savings Discussion Area

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  • soulsaver
    soulsaver Posts: 6,651 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 14 July 2023 at 12:35AM
    Thanks, that's the account Access Saver Online 2 open. Do internal transfers between Coventry accounts count as withdrawal or only if funds go to the nominated account?

    Cov BS four access saver IIRC went NLA at 28/06 - rate went to 4.5 % at 07/07 - and AFAIK it's not available to new applicants.
    Are you saying you can apply as an existing customer? 

    ETA Issue2 is available to existing customers. Unsure if open to all atm.
  • pecunianonolet
    pecunianonolet Posts: 1,793 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 13 July 2023 at 11:52PM
    soulsaver said:
    Thanks, that's the account Access Saver Online 2 open. Do internal transfers between Coventry accounts count as withdrawal or only if funds go to the nominated account?

    Cov BS four access saver IIRC went NLA at 28/06 - rate went to 4.5 % at 07/07 - and AFAIK it's not available to new applicants.
    Are you saying you can apply as an existing customer? 
    @soulsaver, that is correct and that was for the four access saver online. Now they have launched issue 2. Couldn't see it on the website but @MikeJXE confirmed it is there when you're logged in. I've got now issue 1 NLA and the new issue 2. 

    In recent months, the NLA issues always got a proportionally higher rate increase compared to the current issues available.

  • soulsaver
    soulsaver Posts: 6,651 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 14 July 2023 at 12:14AM
  • pecunianonolet
    pecunianonolet Posts: 1,793 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    soulsaver said:
    Thanks both. Got it. It doesn't appear when not logged in... so I assume available for existing customers under 'other products'. I hold the earlier issue amongst other Cov BS acs. 

    It's now also showing on Moneyfacts so guess it will be open to all and they have just not updated the website yet.
  • soulsaver
    soulsaver Posts: 6,651 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    soulsaver said:
    Thanks both. Got it. 

    It's now also showing on Moneyfacts so guess it will be open to all and they have just not updated the website yet.
    Tracked the link down - think they were building it as we were discussing. I'll edit my post so not to mislead.
  • soulsaver
    soulsaver Posts: 6,651 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    soulsaver said:
    soulsaver said:
    Thanks both. Got it. 

    It's now also showing on Moneyfacts so guess it will be open to all and they have just not updated the website yet.
    Tracked the link down - think they were building it as we were discussing. I'll edit my post so not to mislead.
    Hmm. Click on the 'Apply' link when not logged in and it takes you to 'page not found'.
    It may work later today; but It does work when logged in - I successfully opened one in addition to the Issue#1 I already hold.
  • r6mile
    r6mile Posts: 258 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I confirm it does work when logged in - I also just opened a joint account of the Coventry 4.5 % four access saver.
  • Bigwheels1111
    Bigwheels1111 Posts: 3,045 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Bye Bye Chip.
    Back to Coventry Monday morning.
    Again.
  • Stargunner
    Stargunner Posts: 1,000 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    If that suits you, then go for it. Others will prefer Chip, because it allows unlimited withdrawals, unlike CBS, which only allows 4 withdrawals per year. 
  • phillw
    phillw Posts: 5,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 14 July 2023 at 8:04AM
    If that suits you, then go for it. Others will prefer Chip, because it allows unlimited withdrawals, unlike CBS, which only allows 4 withdrawals per year. 
    If you have all your outgoings at the start of the month and withdraw enough money to cover them all, it will last for four months. At which point another account might be better anyway.

    I assume CBS will let you close the account open another four access saver, to reset the number?

    Certainly my 4.5% regular savers are kinda pointless now.
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