Coventry Building Society Loyalty Regular Saver

jameseonline

6.75%, £250 max deposit a month, available to people that have been with Coventry since January 2023 or earlier.

Would post link but can't as I'm still a newbie😁

Rheumatoid

Just let me open one and don't think I've had an account with them that long. Problems logging on now tho!

After checking I have not had an account that long. 

jameseonline

It's a very new account expect problems 🤣, can't be as bad as CO Op Bank though, oh wait a sec don't Coventry want to buy CO Op Bank?😏😁

Bigwheels1111

I want one, just run out of spare cash.

AGH.

SnowMan

Thanks for posting this OP

You can get about 5.1% easy access at the moment (and 1 year fix is around 5.28%). So assuming interest rates don't change in the next year that's a premium of about 1.65% on about a £1,500 balance on average over the year (assuming £250 per month). So perhaps worth about an extra £25 (1.65% x 1,500) of gross interest over the year over a 'normal' account.

I've opened one and the initial deposit is already showing.

jameseonline

Just done a Google, several news sites have already published it.

I was just browsing the Coventry Building Society site earlier and saw the new account 

jameseonline

Literally just opened the account, instantly showing online

Hattie627

You can only be named on one version of Loyalty Saver at a time. I already have the first version of the Loyalty Saver (7%) so can't get this one

jameseonline

Just sent money to the new account, I'm happy with 6.5%, CO OP gonna have to wait a few days now if their regular savings account suddenly turns up on app for me.

jameseonline

6.75% even 

soulsaver

"The interest rate is variable, so it can go up or down at any time."