coventry double access saver

DaveF13

It looks as though this account has now changed to Double Access Saver (Online) (2) and is now at 1.10%

where_are_we

T&C`s state they must give 14 days notice of a interest rate reduction. I suppose those of us who got in at 1.2% will receive news of a reduction shortly.

SirChristopherSykes

Got an email today that says it is closed to new applicants as at close of 23 September, although their website is still apparently open for applications for the Online 2 version.

wiseonesomeofthetime

where_are_we said:

T&C`s state they must give 14 days notice of a interest rate reduction. I suppose those of us who got in at 1.2% will receive news of a reduction shortly.

Doubt that they will reduce Issue 1 to the rate of Issue 2.

At least I hope not, but who knows? 🤷‍♂️

kev2009

Looks like I opened mine just i time then .. hope it stays at 1.2%...

Kev

Alter_ego

Just checked mine, still showing  1.2% and nothing in messages.

2010

1.2% or 1.1% is a difference of £10 over a full year on £10k

Alter_ego

2010 said:

1.2% or 1.1% is a difference of £10 over a full year on £10k

Yes but it's £100 on 100k

2010

Alter_ego said:

2010 said:

1.2% or 1.1% is a difference of £10 over a full year on £10k

Yes but it's £100 on 100k

-----------------------------------      and £200 on £200k but not many are going to put £100k in an account that can be cut any time and probably will in a couple of months time.
Actually it`s already been cut after 4 days for new customers.

gwapenut

2010 said:

Alter_ego said:

2010 said:

1.2% or 1.1% is a difference of £10 over a full year on £10k

Yes but it's £100 on 100k

-----------------------------------      and £200 on £200k but not many are going to put £100k in an account that can be cut any time and probably will in a couple of months time.
Actually it`s already been cut after 4 days for new customers.

The point is, some people may. You were effectively telling people to "it's only £10, don't worry" (in the nicest possible way). But that's not true for all people.