Coventry BS 5/6/8 Access Saver

cricidmuslibale

Interestingly Coventry Building Society have today released a Five Access Saver (Online)(2), paying a slightly lower variable interest rate of 4.56% monthly, 4.66% annual (4.66% AER). Up to 5 penalty free withdrawals per annum permitted with further withdrawals subject to a 50 day loss of interest. Withdrawals to be made via a nominated account. This account must be applied for and managed online and/or via the app.
5 Access Saver Online 2

Coventry BS have also released a Five Access Saver (2) today, paying a notably lower variable interest rate of 4.17% monthly, 4.25% annual (4.25% AER). Again up to 5 penalty free withdrawals per annum are allowed with further withdrawals subject to a 50 day loss of interest. However there is no reference to a nominated account in this case, and this account can also be applied for in person, by post or by telephone. Both of these accounts can be opened with a minimum of £1 and have a maximum balance of £250,000.
5 Access Saver 2

ETA: Links to these two accounts on Coventry's website as they are now both fully available for applications.

Malchester

Just noticed my 4 access saver with CBS has become a 6 access saver. Have 4 access accounts become 6 and 3 access become 5?

Olinda99

has anyone noticed if 4 access etc ISA accounts have changed ?

soulsaver

Olinda99 said:

has anyone noticed if 4 access etc ISA accounts have changed ?

People on the ISA board may have.

savethepandas

On 6th January I had:
1 x Three access saver & 2 x Four access saver

Now have:
1 x 5 access saver & 2 x 6 access saver

Have received one email (08/01) about the three going to 5. But nothing about the four going to 6, has anyone been notified of this change ?

hjghg5

Yes mine has

SJMALBA

@savethepandas

2 emails today for my Four Access Saver (Online) and (Online) (2), now both 6 access (following on from the Triple Access Saver (Online) and (Online) (2) becoming 5 access, a couple of days ago)

savethepandas

SJMALBA said:

@savethepandas

2 emails today for my Four Access Saver (Online) and (Online) (2), now both 6 access (following on from the Triple Access Saver (Online) and (Online) (2) becoming 5 access, a couple of days ago)

Thanks.

Posted on MSE at 15:35, received emails from CBS at 16:30 & 17:42.

Overview for others:
 reset day for 5 (was three) is 7th January,
 reset day for 6 (was four) is 9th January.

DRS1

I wonder if they will now open up two versions of the 6 Access Saver to new applications (as they have for the 5 Access versions)?  I thought this was meant to be part of a simplification exercise.

DRS1

I take it back they have limited the two new 6 Access accounts to ISAs