The Top Easy Access Savings Discussion Area

Band7

jimexbox said:

BestSeagull said:

jimexbox said:

Kazza242 said:

fryedslyce said:
Coventry Limited Access Savers going up to 3.25% from 06/01

Coventry's Four Access Saver is also going up to 3.25%.

Their First Home Saver (which allows monthly deposits of up to £1,000 per month and unlimited withdrawals) will be going up from 2.95% to 5.00%

w.e.f. 6th January 2023.

I've read the t&c and there isn't really anything to stop anybody opening the first home saver account. 1k a month at 5% is very tempting. 

What about the (pre) application checklist where it says you must be saving for a deposit on a first home?

Are we saying that's not binding because they don't ask the question in the actual application?

Are any of you who have applied homeowners already?

You can save for a family member, doesn’t have to be for the account holder. I've applied, I've got to email a pre filled application form back when I receive it. 

What’s this about emailing a pre-filled application form?

jimexbox

Band7 said:

jimexbox said:

BestSeagull said:

jimexbox said:

Kazza242 said:

fryedslyce said:
Coventry Limited Access Savers going up to 3.25% from 06/01

Coventry's Four Access Saver is also going up to 3.25%.

Their First Home Saver (which allows monthly deposits of up to £1,000 per month and unlimited withdrawals) will be going up from 2.95% to 5.00%

w.e.f. 6th January 2023.

I've read the t&c and there isn't really anything to stop anybody opening the first home saver account. 1k a month at 5% is very tempting. 

What about the (pre) application checklist where it says you must be saving for a deposit on a first home?

Are we saying that's not binding because they don't ask the question in the actual application?

Are any of you who have applied homeowners already?

You can save for a family member, doesn’t have to be for the account holder. I've applied, I've got to email a pre filled application form back when I receive it. 

What’s this about emailing a pre-filled application form?

I applied online, joint account. When I completed my application. I got a message about returning a pre filled application form and id if requested. 

Not received any emails as of yet. 

BestSeagull

Of course, thank you @jimexbox.

sturgeon

On the 3 year home saver account will interest be paid in full to date if withdrawing all funds? I’m not waiting 36 months or even annually if it can be avoided. 

Band7

sturgeon said:

On the 3 year home saver account will interest be paid in full to date if withdrawing all funds? I’m not waiting 36 months or even annually if it can be avoided. 

You only get accrued interest early when you close an account. Does withdrawing all funds close the account?

EDIT: I just checked. Removing your entire balance does not close the FHS. You’d have to ring them to close your account

t1redmonkey

jimexbox said:

Band7 said:

jimexbox said:

BestSeagull said:

jimexbox said:

Kazza242 said:

fryedslyce said:
Coventry Limited Access Savers going up to 3.25% from 06/01

Coventry's Four Access Saver is also going up to 3.25%.

Their First Home Saver (which allows monthly deposits of up to £1,000 per month and unlimited withdrawals) will be going up from 2.95% to 5.00%

w.e.f. 6th January 2023.

I've read the t&c and there isn't really anything to stop anybody opening the first home saver account. 1k a month at 5% is very tempting. 

What about the (pre) application checklist where it says you must be saving for a deposit on a first home?

Are we saying that's not binding because they don't ask the question in the actual application?

Are any of you who have applied homeowners already?

You can save for a family member, doesn’t have to be for the account holder. I've applied, I've got to email a pre filled application form back when I receive it. 

What’s this about emailing a pre-filled application form?

I applied online, joint account. When I completed my application. I got a message about returning a pre filled application form and id if requested. 

Not received any emails as of yet. 

Same here.  It's annoying because I've opened about 20 accounts this year and Coventry are the only ones to ask for it and I'm pretty certain it's because of a flaw in their online app process (they don't ask for address history, only current address).  Therefore people that have moved in the last 12 months (as I have) will fail the online ID&V check as they don't give you an opportunity to enter previous addresses.

isasmurf

To settle the earlier debate, Zopa is showing 2.86% AER, 2.82% Gross

[Deleted User]

Fair play to Zopa. None of this we'll raise the rate in a few weeks. Boom!

noh

t1redmonkey said:

jimexbox said:

Band7 said:

jimexbox said:

BestSeagull said:

jimexbox said:

Kazza242 said:

fryedslyce said:
Coventry Limited Access Savers going up to 3.25% from 06/01

Coventry's Four Access Saver is also going up to 3.25%.

Their First Home Saver (which allows monthly deposits of up to £1,000 per month and unlimited withdrawals) will be going up from 2.95% to 5.00%

w.e.f. 6th January 2023.

I've read the t&c and there isn't really anything to stop anybody opening the first home saver account. 1k a month at 5% is very tempting. 

What about the (pre) application checklist where it says you must be saving for a deposit on a first home?

Are we saying that's not binding because they don't ask the question in the actual application?

Are any of you who have applied homeowners already?

You can save for a family member, doesn’t have to be for the account holder. I've applied, I've got to email a pre filled application form back when I receive it. 

What’s this about emailing a pre-filled application form?

I applied online, joint account. When I completed my application. I got a message about returning a pre filled application form and id if requested. 

Not received any emails as of yet. 

Same here.  It's annoying because I've opened about 20 accounts this year and Coventry are the only ones to ask for it and I'm pretty certain it's because of a flaw in their online app process (they don't ask for address history, only current address).  Therefore people that have moved in the last 12 months (as I have) will fail the online ID&V check as they don't give you an opportunity to enter previous addresses.

I too am required to return the pre filled application form. I have lived at my present address for over 6 years and have opened many accounts this year without the need for additional ID. 

dekkard

From Principality Building Society:

"For our Savings Members, we will be increasing the rates on many of our variable rate products that are closed to new business on the 22 December 2022."