The Top Easy Access Savings Discussion Area

soulsaver

Olinda99 said:

Coventry 1.55 from 1st Sept

Hi Olinda - I can't see that on their web: EA Saver (7) is going to 1.1%.. The EA 1.25% going to 1.55% that I can see... is an ISA?

Easy Access | Savings (coventrybuildingsociety.co.uk)

SonOfPearl

soulsaver said:

Olinda99 said:

Coventry 1.55 from 1st Sept

Hi Olinda - I can't see that on their web: EA Saver (7) is going to 1.1%.. The EA 1.25% going to 1.55% that I can see... is an ISA?

Easy Access | Savings (coventrybuildingsociety.co.uk)

The full rate changes notification is here: https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice.pdf

Rollinghome

To be fair to Chase, it's offering more than just a basic savings account.

It's a major bank, so arguably less likely to fail than the smaller banks, offering a limited service current account that's linked to a savings account with some of the facilities of a current account. Virgin is perhaps the closest competitor. Virgin pays more on a limited balance but the 1% cashback from Chase pushes up the return, particularly for a smallish balance. Both Virgin and Chase pay way more than the full service clearing banks.

They got our attention nicely, and I think most of us guessed what their strategy might be with interest rates. I doubt it was ever to compete with such as Shawbrook and Gatehouse.

In the meantime it's still of use to me so I'll keep accounts for myself and Mrs R, but move out money to better paying accounts as they come along and watch how it pans out

soulsaver

soulsaver said:

Olinda99 said:

Coventry 1.55 from 1st Sept

Hi Olinda - I can't see that on their web: EA Saver (7) is going to 1.1%.. The EA 1.25% going to 1.55% that I can see... is an ISA?

Easy Access | Savings (coventrybuildingsociety.co.uk)

It apparently refers to an online ea issue 4 - not available to new applications - the current being iss 7.

Olinda99

soulsaver said:

Olinda99 said:

Coventry 1.55 from 1st Sept

Hi Olinda - I can't see that on their web: EA Saver (7) is going to 1.1%.. The EA 1.25% going to 1.55% that I can see... is an ISA?

Easy Access | Savings (coventrybuildingsociety.co.uk)

Hi - abject apologies - yes you are right - it is the ISA that is going to 1.55%, not the non-ISA

Strange, it is usually the non-ISA that has a higher rate.

soulsaver

Olinda99 said:

soulsaver said:

Olinda99 said:

Coventry 1.55 from 1st Sept

Hi Olinda - I can't see that on their web: EA Saver (7) is going to 1.1%.. The EA 1.25% going to 1.55% that I can see... is an ISA?

Easy Access | Savings (coventrybuildingsociety.co.uk)

Hi - abject apologies - yes you are right - it is the ISA that is going to 1.55%, not the non-ISA

Strange, it is usually the non-ISA that has a higher rate.

You weren't that far away - see above - there is an EA account going 1.55% but NLA.

PS as it happens - I do have iss4 amongst my collection...

S_uk

I had one other questions re Zopa. If i opened an account on say the 10th, I know that the interest is expected on the 10th of every month. But if say next week (say on the 17th) I boosted the access pot to a 31 day notice pot, would the interest still be paid on the 10th every month or on the 17th? Thanks

jimexbox

S_uk said:

I had one other questions re Zopa. If i opened an account on say the 10th, I know that the interest is expected on the 10th of every month. But if say next week (say on the 17th) I boosted the access pot to a 31 day notice pot, would the interest still be paid on the 10th every month or on the 17th? Thanks

I opened another pot 10 days after the opening pot. All interest was paid on the same day. 

Rollinghome

Olinda99 said:

soulsaver said:

Olinda99 said:

Coventry 1.55 from 1st Sept

Hi Olinda - I can't see that on their web: EA Saver (7) is going to 1.1%.. The EA 1.25% going to 1.55% that I can see... is an ISA?

Easy Access | Savings (coventrybuildingsociety.co.uk)

Hi - abject apologies - yes you are right - it is the ISA that is going to 1.55%, not the non-ISA

Strange, it is usually the non-ISA that has a higher rate.

They say they won't raise rates for SVR mortgages, so I assume that will limit the scope for savings rates.

MichaelAP

Just a point to mention….. When I opened both a Marcus & ZOPA Account I received from Marcus a letter through the post giving me my account details and other information. ZOPA on the other hand with the exception of an email have not sent anything.