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  • Wheres_My_Cashback
    Wheres_My_Cashback Posts: 4,394 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 4 January 2023 at 12:45PM
    Minty33 said:
    Think Coventry is still the best option. I wish they had an app, but I think the .25% difference between that and the closet rival with an app is too much to turn down. Any less and I might not go for it.
    Do we think the Coventry BS will be busy on Friday / over the weekend? (or does the 6 access put people off)
    Website potentially busy with people late to the party opening accounts, and those already in moving money and trying to check their balance?

    Might move some money over tomorrow instead incase the website can't cope with heavy traffic on Friday
    Choices, choices...Whether to move from YBS6 (NLA) to Coventry6 on Friday for 11 days and then back again to YBS6 when their rate increases to 3.50%....all for £6.38 extra.
  • dekkard
    dekkard Posts: 247 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Minty33 said:
    Think Coventry is still the best option. I wish they had an app, but I think the .25% difference between that and the closet rival with an app is too much to turn down. Any less and I might not go for it.
    Do we think the Coventry BS will be busy on Friday / over the weekend? (or does the 6 access put people off)
    Website potentially busy with people late to the party opening accounts, and those already in moving money and trying to check their balance?

    Might move some money over tomorrow instead incase the website can't cope with heavy traffic on Friday
    Choices, choices...Whether to move from YBS6 (NLA) to Coventry6 on Friday for 11 days and then back again to YBS6 when their rate increases to 3.50%....all for £6.38 extra.
    And waste some of your limited withdrawal options? Not worth it surely.
  • Johnjdc
    Johnjdc Posts: 396 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    edited 4 January 2023 at 1:04PM
    Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...
  • TiVo_Lad
    TiVo_Lad Posts: 465 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 4 January 2023 at 1:08PM
    Johnjdc said:
    Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...
    The HL website says:
    We don’t charge you directly, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different rates to those available on Active Savings.
    This would suggest maybe not.


  • ColdIron
    ColdIron Posts: 9,851 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    Johnjdc said:
    Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...
    I'm curious to see myself. I have 2 of them and in the past they have gone up in concert with those available direct, though at a slightly lower rate. I live in hope

  • Johnjdc
    Johnjdc Posts: 396 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    TiVo_Lad said:
    Johnjdc said:
    Has anyone seen any indication of whether Coventry's increase will be mirrored in the Coventry account available through Hargreaves Lansdown Active Savings (which I happen to have one of already albeit with £0 in)...
    The HL website says:
    We don’t charge you directly, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different rates to those available on Active Savings.
    This would suggest maybe not.



    Oh yes I'm sure it's not a certainty. I guess we'll find out next week - question is whether it's 1%, 99%, 37% likely...

    Currently paying 2.74% so maybe it will go up to 3.14%!
  • Bridlington1
    Bridlington1 Posts: 3,759 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    sturgeon said:
    Not sure if it's been mentioned already, but noticed that details of the latest YBS rate increases (wef 17th Jan) are now available

    Rainy day issue 2 to rise to 3.35% from 17th January, overtaking Coventry by 0.1%.

    Family saver (NLA) rising to 3% also.
    The Rainy day issue 2 says it’s only 3.35% for up to £5k though unless I’m wrong?
    That is correct.
  • jak22
    jak22 Posts: 401 Forumite
    100 Posts Second Anniversary
    The Coventry 4 or 6 access seem to consistently keep up with BoE rises. There's up to a month before their rises come into force but they do publish the new rates very soon after the BoE announcement - it's certainly quicker than YBS. Other EA accounts seem to inconsistently increase after falling behind for a month or two but with Coventry there seems less need to shuffle between accounts.
  • Minty33 said:
    Think Coventry is still the best option. I wish they had an app, but I think the .25% difference between that and the closet rival with an app is too much to turn down. Any less and I might not go for it.
    Do we think the Coventry BS will be busy on Friday / over the weekend? (or does the 6 access put people off)
    Website potentially busy with people late to the party opening accounts, and those already in moving money and trying to check their balance?

    Might move some money over tomorrow instead incase the website can't cope with heavy traffic on Friday
    FWIW the two deposits I made into the Coventry BS FHS account today took about 90 minutes to appear online. First time using Fast Transfer so no idea if this is the usual timescale.
  • Rudyson
    Rudyson Posts: 347 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Minty33 said:
    Think Coventry is still the best option. I wish they had an app, but I think the .25% difference between that and the closet rival with an app is too much to turn down. Any less and I might not go for it.
    Do we think the Coventry BS will be busy on Friday / over the weekend? (or does the 6 access put people off)
    Website potentially busy with people late to the party opening accounts, and those already in moving money and trying to check their balance?

    Might move some money over tomorrow instead incase the website can't cope with heavy traffic on Friday
    FWIW the two deposits I made into the Coventry BS FHS account today took about 90 minutes to appear online. First time using Fast Transfer so no idea if this is the usual timescale.
    That's been my experience with deposits into Coventry accounts, money shows within a couple of hours

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