The New Top Easy Access Savings Discussion Area

allegro120

pecunianonolet said:

@soulsaver

I've recently made £1 in&out transaction in order to prevent it being closed.  The account was dormant for few years now, but this is the only one I have left with AR so better to keep my foot in in case they offer something good again.

allegro120

Reductions keep coming.

Kroo.
On 26 November 2024 the tracker interest margin will change from 0.9% to 1.1%. This means the interest rate we pay on the current account tracker will decrease by 0.2% AER. You’re currently earning 4.10% AER / 4.02% Gross (variable). If the Bank of England base rate stays the same as it is today, the new rate would be 3.90% AER from 26 November 2024 onwards.

Aidanmc

allegro120 said:

pecunianonolet said:

@soulsaver

I've recently made £1 in&out transaction in order to prevent it being closed.  The account was dormant for few years now, but this is the only one I have left with AR so better to keep my foot in in case they offer something good again.

Yes, i have this account at zero balance for ages. Received a letter recently saying account will be closed on 18 Nov.

At the bottom of the letter it states ' If you wish to keep the account you will need to fund it to the min deposit required prior to the closure date'

I'm not sure what the min deposit is, £5k comes to mind but maybe not correct.

I just deposited £1 and left it there to see what happens.

If you received the same letter, not sure if a £1 in and out will save it.

wiseonesomeofthetime

Aidanmc said:

allegro120 said:

pecunianonolet said:

@soulsaver

I've recently made £1 in&out transaction in order to prevent it being closed.  The account was dormant for few years now, but this is the only one I have left with AR so better to keep my foot in in case they offer something good again.

Yes, i have this account at zero balance for ages. Received a letter recently saying account will be closed on 18 Nov.

At the bottom of the letter it states ' If you wish to keep the account you will need to fund it to the min deposit required prior to the closure date'

I'm not sure what the min deposit is, £5k comes to mind but maybe not correct.

I just deposited £1 and left it there to see what happens.

If you received the same letter, not sure if a £1 in and out will save it.

It is indeed......https://www.alrayanbank.co.uk/savings/everyday-saver-issue-3

allegro120

Aidanmc said:

allegro120 said:

pecunianonolet said:

@soulsaver

I've recently made £1 in&out transaction in order to prevent it being closed.  The account was dormant for few years now, but this is the only one I have left with AR so better to keep my foot in in case they offer something good again.

Yes, i have this account at zero balance for ages. Received a letter recently saying account will be closed on 18 Nov.

At the bottom of the letter it states ' If you wish to keep the account you will need to fund it to the min deposit required prior to the closure date'

I'm not sure what the min deposit is, £5k comes to mind but maybe not correct.

I just deposited £1 and left it there to see what happens.

If you received the same letter, not sure if a £1 in and out will save it.

Yes, it was the same letter and I wasn't sure what the "minimum required" is.  £5k indeed was the initial minimum deposit but it wasn't clear if this sum also applies for keeping the account opened.  I've had similar letters from various banks, normally you just have to make a transaction to keep the account alive and £1 in'n'out was always sufficient.  So I went with the assumption that it will work for AR too.  I could be wrong.

Kazza242

According to Moneyfacts, Coventry Building Society are launching a new Triple Access Saver Online (issue 5) account, paying 4.83%.

I logged onto Coventry online banking and the account already appears as available to open.  

The account permits up to 3 penalty-free withdrawals per account year.  The minimum opening amount is £1.

There are some other limited withdrawal accounts currently paying higher rates (Chip etc).  

[Deleted User]

Kazza242 said:

According to Moneyfacts, Coventry Building Society are launching a new Triple Access Saver Online (issue 5) account, paying 4.83%.

I logged onto Coventry online banking and the account already appears as available to open.  

The account permits up to 3 penalty-free withdrawals per account year.  The minimum opening amount is £1.

There are some other limited withdrawal accounts currently paying higher rates (Chip etc).  

I can't see it - although it won't let me log in online either.

I've currently got issue 2 but if I can get to see this it interests me.

Kazza242

[Deleted User] said:

Kazza242 said:

According to Moneyfacts, Coventry Building Society are launching a new Triple Access Saver Online (issue 5) account, paying 4.83%.

I logged onto Coventry online banking and the account already appears as available to open.  

The account permits up to 3 penalty-free withdrawals per account year.  The minimum opening amount is £1.

There are some other limited withdrawal accounts currently paying higher rates (Chip etc).  

I can't see it - although it won't let me log in online either.

I've currently got issue 2 but if I can get to see this it interests me.

At the time of writing this, you have to login to Coventry BS online banking first (though the account should appear on the savings page of the main website hopefully, later today).

When I login to Coventry online banking there is a link to the right hand side of the page: 'Savings check out our range of available savings accounts'.  When I click on this and then 'Our other products', I can then see the new account listed including the 'Apply Now' option.

cadguy77

Kazza242 said:

[Deleted User] said:

Kazza242 said:

According to Moneyfacts, Coventry Building Society are launching a new Triple Access Saver Online (issue 5) account, paying 4.83%.

I logged onto Coventry online banking and the account already appears as available to open.  

The account permits up to 3 penalty-free withdrawals per account year.  The minimum opening amount is £1.

There are some other limited withdrawal accounts currently paying higher rates (Chip etc).  

I can't see it - although it won't let me log in online either.

I've currently got issue 2 but if I can get to see this it interests me.

At the time of writing this, you have to login to Coventry BS online banking first (though the account should appear on the savings page of the main website hopefully, later today).

When I login to Coventry online banking there is a link to the right hand side of the page: 'Savings check out our range of available savings accounts'.  When I click on this and then 'Our other products', I can then see the new account listed including the 'Apply Now' option.

I see Triple Access Saver (online)(5) 4.83% AER available via the app.

Also via website https://www.coventrybuildingsociety.co.uk/member/product/savings/limited_access/triple-access-saver-online-5.html

smiley2085

I've had £5 in my AR bank. Not had any letters 😁