Regular Savings Accounts: The Best Currently Available List!

what7

Did you ring Coventry about it?
Which RS did u hold?

schiff

That is a budgerigar. At the top of my interest rates as well. Do they give you an option which one to leave open? If they choose the earliest date of opening to leave open, that at least is a plus.

colsten

what7 said:

Did you ring Coventry about it?

Why would I have done that?

what7 said:

Which RS did u hold?

Too many to mention.

what7

So I guess they are checking everybody.

What's with the 23 may 2020 cut off date? Is that when you opened your 2nd account?

It doesn't mention if they are going to pay advertised interest on the close account???? 

Ed-1

what7 said:
It doesn't mention if they are going to pay advertised interest on the close account???? 

"...transfer the savings you hold in these account(s), along with all of the interest you've earned up to the date they're closed..."

what7

I opened mine few days before 23 may 2020 and another in Sept. If this 23 may 2020 cut off date are the same for everybody, then I can keep both(?), I also have a third one but only a few £

If this letter is personalised, they would have listed all the account detail they are closing (?) 

pafpcg

colsten said:

This settles the question about multiple Coventry Regular Savers 😄.

It was brilliant whilst it lasted! Many thanks again to busybodies who kept ringing Coventry about it.

Thanks for that.  I entirely share your sentiments.

I note the paragraph: "You'll be able to keep any account opened before 23rd May 2020 (where applicable) and the first account opened after 23 May 2020 only."  So any account opened before 23-May-2020 is ignored and only the first account opened since 23-May will be allowed; any subsequent regular saver will be closed. 

That means for me that my Issue 3 account (opened in September) will be allowed but the Issue 4 account opened in December is in danger.  I didn't try to open any later accounts.  I'm hoping that Coventry will be generous with those who failed to read the small print buried in the "Specific Terms for Regular Saver (4)" when the Summary document makes no mention of the restriction...

veryintrigued

pafpcg said:

colsten said:

This settles the question about multiple Coventry Regular Savers 😄.

It was brilliant whilst it lasted! Many thanks again to busybodies who kept ringing Coventry about it.

Thanks for that.  I entirely share your sentiments.

I note the paragraph: "You'll be able to keep any account opened before 23rd May 2020 (where applicable) and the first account opened after 23 May 2020 only."  So any account opened before 23-May-2020 is ignored and only the first account opened since 23-May will be allowed; any subsequent regular saver will be closed. 

That means for me that my Issue 3 account (opened in September) will be allowed but the Issue 4 account opened in December is in danger.  I didn't try to open any later accounts.  I'm hoping that Coventry will be generous with those who failed to read the small print buried in the "Specific Terms for Regular Saver (4)" when the Summary document makes no mention of the restriction...

Definitely a salient lesson here to a new type of poster who like to shout about 'Ive got x type of these' in some sort of testosterone filled 'look at me'....until it goes horribly wrong.

Same for 'Ive got y type of current accounts' and same for 'Ive got z closed high interest rate, variable, account'.

By shouting off you give ammunition to those who are either jealous or have upset before to contact the said institution.

By all means highlight the products in the first instance but don't then peacock around when these are variable rates.

Probably the 'look at me' generation we're now in.

someone

Coventry BS

It would seem by the wording of the letter they would (if sent to me) be closing my RS(4) 6 months early ... which is interesting as saved copy of the webpage when I applied for it said

> This is a limited issue account and you can only have one Regular Saver (4) at a time.

eskbanker

schiff said:

That is a budgerigar.

Looks more like a horse to me....