The Top Fixed Interest Savings Discussion Area

Ted_01

RobinhoodSavings said:

Just spoken to Coventry after waiting for 40 minutes. They’ve withdrawn all their fixed accounts. I opened the 4.40% bond with them and they told me I have until 11 November to deposit into it.
They removed their fixed rate isas as well!

Wow, they were only on offer for a couple of days! Today I spoke to a Coventry adviser on the website live chat, I asked if the 3year 4.85% account was likely to be withdrawn very soon, the adviser told me the 4.85% account would be available for at least a couple of weeks because it had only just been introduced.

RobinhoodSavings

Ted_01 said:

RobinhoodSavings said:

Just spoken to Coventry after waiting for 40 minutes. They’ve withdrawn all their fixed accounts. I opened the 4.40% bond with them and they told me I have until 11 November to deposit into it.
They removed their fixed rate isas as well!

Wow, they were only on offer for a couple of days! Today I spoke to a Coventry adviser on the website live chat, I asked if the 3year 4.85% account was likely to be withdrawn very soon, the adviser told me the 4.85% account would be available for at least a couple of weeks because it had only just been introduced.

Try giving them a call and see if you can still  apply for it today. They normally allow up to end of business to apply. 

Allica bank is doing 4.8% for 2 years 

Thumbs_Up

moi said:

 I just noticed a 4.5% and a 4.55% on Moneyfacts (1 year)

Ref Cynergy - So they release this late Friday, so if you put some money in now or the weekend you won’t see it cleared by Monday afternoon.

 

FishInGlass

ColdIron said:

Just divide ISA rates by 0.8 or multiply non ISA by 0.8

I think you mean multiply the Non ISA rate by 1.25 to get the equivalent ISA rate for a standard rate taxpayer. For a 40% rate taxpayer the multiplier would  be approx 1.67 and for 45% rate the multiplier would be approx 1.82

Thumbs_Up

Ted_01 said:

 I asked if the 3year 4.85% account was likely to be withdrawn very soon, the adviser told me the 4.85% account would be available for at least a couple of weeks because it had only just been introduced.

To be fair Ted it doesn’t normally work like that, if people pile in with loads of money it will be taken off the market pretty quickly.

Ted_01

Thumbs_Up said:

Ted_01 said:

 I asked if the 3year 4.85% account was likely to be withdrawn very soon, the adviser told me the 4.85% account would be available for at least a couple of weeks because it had only just been introduced.

To be fair Ted it doesn’t normally work like that, if people pile in with loads of money it will be taken off the market pretty quickly.

Yeah, bit of a stupid question really. I missed that fixed account, I could've done as others have suggested, open it and leave it unfunded until nearer the deadline. I'm still baffled by what might or might not happen with savings rates, the base rate is predicted to peak next year at 5 or 6%, but no one knows for sure, and even if the base rate does reach these highs banks might not pass these rates on to savers. Very confusing  . 

RG2015

FishInGlass said:

ColdIron said:

Just divide ISA rates by 0.8 or multiply non ISA by 0.8

I think you mean multiply the Non ISA rate by 1.25 to get the equivalent ISA rate for a standard rate taxpayer. For a 40% rate taxpayer the multiplier would  be approx 1.67 and for 45% rate the multiplier would be approx 1.82

It’s a sad indictment of our education system that some people just don’t understand percentages.

micklemuckle

RobinhoodSavings said:

Just spoken to Coventry after waiting for 40 minutes. They’ve withdrawn all their fixed accounts. I opened the 4.40% bond with them and they told me I have until 11 November to deposit into it.
They removed their fixed rate isas as well!

I thought the window for deposits was 14 days. I opened one yesterday. Are you saying it's 30 days, cheers

RobinhoodSavings

micklemuckle said:

RobinhoodSavings said:

Just spoken to Coventry after waiting for 40 minutes. They’ve withdrawn all their fixed accounts. I opened the 4.40% bond with them and they told me I have until 11 November to deposit into it.
They removed their fixed rate isas as well!

I thought the window for deposits was 14 days. I opened one yesterday. Are you saying it's 30 days, cheers

The advisor told me on the phone that they’ve increased the deposit deadline to 11 nov. 

Desk

Coventry have sent out a pre-filled
three year fix application form to an existing customer.

Is this likely to still be honoured once returned, or now that the fix has been withdrawn is it just scrap paper?