coventry double access rate down again

d63

just noticed the coventry double access account is down to 1.05% this morning (1/10/20) for new applicants. how long before they pull it completely? never mind!

strawb_shortcake

Glad I didn't waste any time moving money over to that account now

wiseonesomeofthetime

That's for new applicants though, so existing should still be on 1.20% or 1.10%

I do agree though, how long before those rates drop too.

I have one open, but only funded with a £1 at the moment. It's back-up to a drop by Skipton.

2010

I expect they have a target amount for each issue and when it`s reached they pull the account and chop the rate for the next issue.
I would say the Coventry is probably one of the better building societies.

StephenM_2

Likewise Principality have pulled their Online Limited Access account paying 1.05% and replace it with Issue 2 paying 0.9%

ratechaser

...suggesting that the YBS instant access one at 1% will be the next to go. Need to get a shift on there...

sweetsand

Hi
As I thought as we have just moved money into that.
As you may be aware the NS&! have murdered their saving rates and we moved to them last year.
Re the P/Bonds I thought that was 1% but it was actually 1.4% now 1%.

JohnM5206

From 10/02/21 rate will be down to 0.55%. Other changes also are up to six withdrawals each year and name changed to Coventry Limited Access

soulsaver

JohnM5206 said:

From 10/02/21 rate will be down to 0.55%. Other changes also are up to six withdrawals each year and name changed to Coventry Limited Access

Already discussed...Coventry limited access/double access reducing rate to a 'market leading' 0.55% - Page 4 — MoneySavingExpert Forum

JohnM5206

Thanks for that, but a search provided this in the top half dozen replies and did not produce this result.

soulsaver

Y it's a couple below that, but it wasn't a criticism; just trying to avoid same threads in several places.