The New Top Easy Access Savings Discussion Area

Bobblehat

pecunianonolet said:

dgpur said:

Bobblehat said:

pecunianonolet said:

Bobblehat said:

AndyTh_2 said:

SnowMan said:

cricidmuslibale said:

According to www.moneyfactscompare.co.uk, Coventry Building Society have now withdrawn their 4 Access Saver (which is currently paying 4.85% AER) and in its place put back on sale their 5 Access Saver (Online) (2) which is currently paying exactly the same interest rate of 4.66% AER (4.66% annually, 4.56% monthly) that it was previously paying a few weeks ago.

[The link to the application buttons and details for the 4 Access Saver that @Expotter kindly first posted on page 171 of this thread was still working at c. 2.50am on Friday 14 February so it may be possible to still apply for this higher paying account if you are very quick!]

The 5 access saver online (2) is now on the Coventry website at 4.66% AER reducing to 4.5% AER on 3rd March

https://www.coventrybuildingsociety.co.uk/member/product/savings/limited_access/5-access-saver-online-2.html

I'm hoping my 4 access saver will be reduced by no more than 0.25%pa which would take it down to 4.6% AER. We will find out shortly.

My 5 access saver (original version) is currently paying 4.75% AER so I suspect this will reduce to 4.5% AER also to match the 5 access saver (2). 

They've added this round of changes to https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html as PDF

It doesn't show 4 access saver on the list so looks like a great rate for this round.

I was surprised to see that the 4 Access Saver does not appear to be in Coventry's latest list of interest rate drops. I thought it was just me missing it in all the various combinations of account names, so thanks for confirming that you didn't find it either!

It might be that because of them renaming and changing the number of access it is in the list but not easy to find. Updating my spreadsheet is a total mess now. 
Also can't find any of the Triple Access Accounts. 

Just spent a good deal of the morning updating Mrs Bobblehat's and my spreadsheet too. These rate drops have quite a knock on effect as to where to shuffle money to next!

It’s chaos. My spreadsheet is a mess of upcoming reductions, and I’m struggling to decide what my new main driver and back up accounts are going to be. Some banks/bs’s still to declare. Maybe will need to wait until mid March to decide what I do next.

Bank of England has the next meeting on the 20th March and if they lower again, the same will happen again, having to go round and update. I will probably try to reduce the effort by closing a few accounts.

I certainly enjoyed it a lot more investing the time updating my spreadsheet when rates went up.

Yeah! "Practice makes Perfect" is not something I'm looking forward to, in this case!

poppystar

pecunianonolet said:

Bobblehat said:

AndyTh_2 said:

SnowMan said:

cricidmuslibale said:

According to www.moneyfactscompare.co.uk, Coventry Building Society have now withdrawn their 4 Access Saver (which is currently paying 4.85% AER) and in its place put back on sale their 5 Access Saver (Online) (2) which is currently paying exactly the same interest rate of 4.66% AER (4.66% annually, 4.56% monthly) that it was previously paying a few weeks ago.

[The link to the application buttons and details for the 4 Access Saver that @Expotter kindly first posted on page 171 of this thread was still working at c. 2.50am on Friday 14 February so it may be possible to still apply for this higher paying account if you are very quick!]

The 5 access saver online (2) is now on the Coventry website at 4.66% AER reducing to 4.5% AER on 3rd March

https://www.coventrybuildingsociety.co.uk/member/product/savings/limited_access/5-access-saver-online-2.html

I'm hoping my 4 access saver will be reduced by no more than 0.25%pa which would take it down to 4.6% AER. We will find out shortly.

My 5 access saver (original version) is currently paying 4.75% AER so I suspect this will reduce to 4.5% AER also to match the 5 access saver (2). 

They've added this round of changes to https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html as PDF

It doesn't show 4 access saver on the list so looks like a great rate for this round.

I was surprised to see that the 4 Access Saver does not appear to be in Coventry's latest list of interest rate drops. I thought it was just me missing it in all the various combinations of account names, so thanks for confirming that you didn't find it either!

It might be that because of them renaming and changing the number of access it is in the list but not easy to find. Updating my spreadsheet is a total mess now. 
Also can't find any of the Triple Access Accounts. 

Absolutely! The triple access became the five access a few weeks back. The four access isa became a six access. Then they introduced new products with different accesses but using accesses they’d previously used. Driving me mad. I moved the isa which went from four to six but with lower rate of interest then they brought in a new one with a higher rate and I think different access. All in a month…spreadsheet becoming a mess I agree. 

soulsaver

Coventry BS 5 Access Svr2 OL  4.66% £1min (14/02) Went NLA 05/02 but appears to be available again.
Limited to 5 w/ds - then loss of 50 days interest.

schiff

The Coventry rates are pretty good unless you're a 'penny difference chaser'. I've got two 5 Access and one 4 Access. Putting my monthly RS requirement (currently about £6000) in each and leaving it alone for the next few months and not having to bother constantly switching money around is very enticing. Coventry have usually been very competitive and near the best, but not THE best, and they may continue to be so. 

Thomas_Crown

janusdesign said:

RedImp_2 said:

Is there any update on Marcus, I still have the account which I believe is 4.3%.  Feels like the rest of the pack have been moving backwards so they must be moving upwards.  

no change yet - it's been at 4.3% for the last 6 months.

Remember, the Marcus interest rate reduced before the previous BoE rate cut and again afterwards. That's when the interest rate ended up at 4.3%, having been 4.85% prior to the two cuts.

janusd

Hampshire Trust Easy Access Saver (Issue 28) dropping like a stone from 4.50% to 4% on 19th March. I only opened it last week to replace Issue 15 paying 4.15%.

The latest Issue 29 is only paying 3.50%

janusd

not a top rate, but I know some forum members here like having tracker accounts - Hampshire Trust have a base-rate EA tracker with unlimited withdrawals, Easy Access Online Tracker (Issue 1), that is currently tracking at 0.25% below the base rate, paying 4.25% on balances > £20k.

• On balances of £20,000 and over, you’ll earn interest on the whole balance.
• If your balance is under £20,000 at any time you will not earn interest.
• Interest is calculated daily and paid on the anniversary of the date you met the £20,000 minimum balance, and then annually after this – or on closure if that’s sooner.
• Withdrawals made before 1pm on a working day will be paid the same day. For anything after 1pm, this will be paid the next working day.
• The 0.25% margin can be changed, in either direction, with notice.

The rate is slightly less than the equivalent Skipton tracker (NLA) of 4.31%, but this account's tracking seems not to be time-limited, whereas the Skipton tracker only tracks for two years from opening.

They also have a ISA tracker that tracks 0.35% below the base rate.

alfred64

alfred64 said:

Popped into a Coventry bs branch today to open a 4 access saver account. Was told this account will not be available for very much longer.

They weren't kidding. open only from 05.02.2025 - 13.02.2025. Blink and you miss it.

soulsaver

Principality Online Bonus Triple Access Iss 6 4.70% inc.1.5% 1year bonus (23/01) ->4.50% wef 13/03

AndyTh_2

soulsaver said:

Principality Online Bonus Triple Access Iss 6 4.70% inc.1.5% 1year bonus (23/01) ->4.50% wef 14/03

13/03 though when the rate changes