coventry double access saver

d63

just noticed that moneyfacts has a  coventry building society easy access savings account at 1.2% in its best buy list today (19/9/20)
https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false
 but i cannot see any such account on the coventry website. has it come and gone already like the recent skipton account?
gee whizz! one sure has to be quick nowadays!

wiseonesomeofthetime

Strange that.

Not an account I would go for though with just two penalty free withdrawals allowed.

2 penalty free withdrawals per annum, further withdrawals subject to 50 day loss of interest.

I cannot find it on the Coventry BS site, not even with the search button. Not listed in Closed Accounts.

Do you reckon it's been announced in a media press release but not open until Monday?? Would be strange.

Edit:
Yes, appears my suggestion of a Monday launch was right!!!

Read it here , or below:

Saving rates rising

There was further good news for savers this week as some providers have been increasing rates, resulting in new top paying easy access and one year fixed rate bond accounts in the charts. On Monday, Coventry Building Society will top the easy access account chart with the launch of its Double Access Saver (Online) which will pay 1.20% but only two withdrawals are allowed each year without charge.

xylophone

Not an account I would go for though with just two penalty free withdrawals allowed.

Might be useful if you are holding savings on deposit to pay off a 0% credit card or two?

strawb_shortcake

Glad I spotted this one, much better than the .3% that we currently get 

wiseonesomeofthetime

xylophone said:

Not an account I would go for though with just two penalty free withdrawals allowed.

Might be useful if you are holding savings on deposit to pay off a 0% credit card or two?

Agreed, but remember that the rate is variable and can be changed with just 14 days notice.

With NS&I Income Bonds rate of 1.16% guaranteed for a rolling two months, due to notice, I know where I would put that money, despite the 0.04% difference, which equates to about £2 a year on a stooze of £5,000.

wiseonesomeofthetime

Now live

May be withdrawn at any time.

2010

https://www.coventrybuildingsociety.co.uk/content/cbs/consumer/en/product/savings/easy_access/double-access-saver-online.html

notbritishgas

Just opened one, very easy.
Now to transfer money from the easy access account and close it.

Speedbird676

I have just applied and they are sending me a paper application form 

Presumably they couldn't verify my identity electronically despite previously holding an account with them.

drphila

Speedbird676 said:

I have just applied and they are sending me a paper application form 

Presumably they couldn't verify my identity electronically despite previously holding an account with them.

They did the same thing with me when, as a completely new customer, I opened a reg. saver with them a few months ago. This was despite the website saying on-line and it being confirmed on the phone that it could all be done electronically

gwapenut

wiseonesomeofthetime said:

xylophone said:

Not an account I would go for though with just two penalty free withdrawals allowed.

Might be useful if you are holding savings on deposit to pay off a 0% credit card or two?

Agreed, but remember that the rate is variable and can be changed with just 14 days notice.

With NS&I Income Bonds rate of 1.16% guaranteed for a rolling two months, due to notice, I know where I would put that money, despite the 0.04% difference, which equates to about £2 a year on a stooze of £5,000.

That's so last week!