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Coventry increasing rates from 1st June

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Comments

  • sparkyspark
    sparkyspark Posts: 180 Forumite
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    Coventry ISA Rate Changes  Rate Change Notice ISA (coventrybuildingsociety.co.uk)
  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
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    Wahoo, first home saver from 5.00% to 5.10%. Regular savings accounts don’t normally interest me, obviously Coventry’s did.

     






  • Band7
    Band7 Posts: 2,285 Forumite
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    The First Home Saver Issue 1 is brilliant for those who managed to get on and who have maxed FD/Club Lloyds/Natwest/RBS Regular Savers. I am very positively surprised that they will up the rate.
  • gt94sss2
    gt94sss2 Posts: 6,375 Forumite
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    Band7 said:
    The First Home Saver Issue 1 is brilliant for those who managed to get on and who have maxed FD/Club Lloyds/Natwest/RBS Regular Savers. I am very positively surprised that they will up the rate.
    I'm not. Coventry haven't increased the interest rate this year despite several base rate increases.

    I would have hoped for more than a 0.1% increase tbh
  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    gt94sss2 said:
    Band7 said:
    The First Home Saver Issue 1 is brilliant for those who managed to get on and who have maxed FD/Club Lloyds/Natwest/RBS Regular Savers. I am very positively surprised that they will up the rate.
    I'm not. Coventry haven't increased the interest rate this year despite several base rate increases.

    I would have hoped for more than a 0.1% increase tbh
    In my books, 5% on a multi-year RS with no withdrawal restrictions and up to £1k monthly deposit is a great account for those who have maxed the other RSs I have mentioned. 5.1% is sweet. No faffing about with skimming off a monthly interest, like some do when their Barclays Rainy Day Saver is going over £5K. But that's just my take on the account - if it doesn't suit your requirements, you don't have to have it 😎
  • lohr500
    lohr500 Posts: 1,511 Forumite
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    I took out their flexible Cash ISA in April because it was one of the better flexible cash ISA deals at the time. 
    No complaints here that they have just increased the rate by 0.24%  :)

  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
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    Coventry BS haven’t released the new savings rates yet (This an old thread)

    Who has the regular Home saver account currently 5.10%. Are you loosing interest (for this account) ? 






  • ForumUser7
    ForumUser7 Posts: 2,582 Forumite
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    edited 28 June 2023 at 12:08PM
    Thumbs_Up said:

    Coventry BS haven’t released the new savings rates yet (This an old thread)

    Who has the regular Home saver account currently 5.10%. Are you loosing interest (for this account) ? 






    I have the first home saver issue 1. Most of my funds are still below 5% so 5.10% is good enough for me right now. An increase is needed though, after the next BOE rate rise if the coventry account is below, it will cease to be good as I have the Hanley base rate tracker.
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • TiVo_Lad
    TiVo_Lad Posts: 465 Forumite
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    Coventry had better get a wiggle on. The four access saver at 4% is now bottom of the list of accounts I hold.
  • ColdIron
    ColdIron Posts: 10,327 Forumite
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    edited 28 June 2023 at 12:56PM
    It took Coventry 3 weeks to increase their rates (1st June) from the previous MPC (11th May)
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