The Top Easy Access Savings Discussion Area

tony_1

housebuyer143 said:

The new Coventry at 4.5%. my mum just signed up to the 4.3% one, is it hard for her to get the increased rate? She isn't going to move it so wondered if you can just ask to be bumped to the higher rate?

Are you sure it was not the Ltd access Saver 8 , that she opened ?  just open the the Four access saver (2) and transfer across.

jak22

Hopefully future rises on the Issue 1 4 access online will match issue 2 so you don't need both issues to get the best rate.

Last year Coventry were good and followed each BoE rise - albeit a couple of weeks after - but then their limited accounts fell behind - although this month most have been brought back up to the same 4.3% but not quite matching the 4 access 4.5% 

Mr._H_2

A note for any Santander customers wary of moving large amounts of money via their Santander account (i.e. using Santander CA as a "conduit" when chasing rates):

Santander's anti-fraud systems used to be rather "trigger happy" making it a bit of a pain - I would often get frozen out of my Santander account after setting up a new payee and trying to transfer a large amount, even when that new payee was in my own name. This would necessitate a phone call, often waiting in a long queue, and then having to go through the standard anti-fraud checklist with the customer support person before they OKed the transaction and re-enabled my access.

Anyway, lately this situation appears to have improved significantly, for me at least. I just opened a Coventry four-access account and transferred £14k from Chip via Santander. When setting up the payee in Santander, I was taken through a series of those standard “anti-fraud” questions inside the app (that’s a first for me), and then the payment went through just fine. I imagine that the fact that Coventry support COP and the account was in my name helped here.

ericlered7

pecunianonolet 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?

I asked this the other day and transfers between accounts do count towards the access limits. So CS told me anyway.

solartom

Re Coventry 4 Access you can have both anual and monthly for each issue
i have both for each issue someone upthread mentioned before so i tried and it worked

jimexbox

Oxbury easy access now 4.46%!!

AndyTh_2

Newbury have updated their saving account interest rates as of today. Nothing too interesting, but those who got the following:

Welcome to Newbury - 4%
Existing member account - 4.1%

Click here for the new interest rates on our 'open to business' accounts.
Click here for the new interest rates on our 'closed to new business' accounts.

t33

Leeds BS Online Access Account Issue 47 4.40%

I just noticed this today by accident when logging in.   Done without announcement?  Thought Leeds usually gave notice.  Good one though.

SeriousHoax

It would be nice if chip gave us a boost today.😎

TiVo_Lad

I think the problem for CHIP is that average rates are getting closer to the Base Rate which means their profit margin is getting squeezed. Having an Instant Access product makes the funds very flighty, so the only way they can keep funds is to keep the rates higher which are less profitable. It's basically where their business model starts to fall apart. We've seen Atom and Zopa drop out of the Instant Access market and move more into Bonds and more restricted products. I can see CHIP going the same way.