MSE News: Coventry BS launches market-leading ISA to rival top easy-access savings accounts

Former_MSE_Karl

Coventry Building Society has launched a market-leading cash ISA paying 1.5% - which puts it on par with similar top easy-access savings accounts.


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'Coventry BS launches market-leading ISA to rival top easy-access savings accounts
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glaister

It is also a flexible cash ISA!

See: https://www.coventrybuildingsociety.co.uk/consumer/product/savings/cash_isa/easy-access-isa-online.html

etienneg

I applied today, successfully in that I got an account number and chose a password. However, it appears I must now await a 'welcome pack' by post for login details. Not a show-stopper, of course, but this always surprises me for an online account.

roddydogs

But does it accept transfers from another isa provider?

trickydicky14

Just looking at info on website and yes it look like you can transfer in

colin79666

I'm going to pass having been burned not so long ago by the Coventry BS doing a market leading ISA offer and then dropping the rate only a short time later. Fool me once...

Rich2808

colin79666 wrote: »

I'm going to pass having been burned not so long ago by the Coventry BS doing a market leading ISA offer and then dropping the rate only a short time later. Fool me once...

I have given it ago - but as you say the only guarantee (as its a variable rate) is that they will pay you at least the bonus 0.35% until July 2020. But they could simply cut the rate to 0.35% - and still deliver on their commitment at any time!

Aretnap

etienneg wrote: »

I applied today, successfully in that I got an account number and chose a password. However, it appears I must now await a 'welcome pack' by post for login details. Not a show-stopper, of course, but this always surprises me for an online account.

I applied for a Coventry ISA relatively recently (5 years or so ago) and had to write my password down on a.piece of paper and post it to them before I could use Internet banking! So glad that they've progressed in the meantime, from the Mesolithic to the Neolithic at least.

short_butt_sweet

Aretnap wrote: »

I applied for a Coventry ISA relatively recently (5 years or so ago) and had to write my password down on a.piece of paper and post it to them before I could use Internet banking! So glad that they've progressed in the meantime, from the Mesolithic to the Neolithic at least.

that's a bit unfair: they didn't ask you to scrape your password on a rock! paper only dates from the second millennium BCE (first used in china).

2010

I have an existing ISA with Cov.
Can I open a new one and transfer the old one into it?

I have used the current year`s allowance with another provider already, so I can`t add any money to the new one, only fund it by transfer.

Or do I have to wait until after 6th april to open a new one?

roddydogs

Transferring an existing isa has nothing to do with your yearly allowance.