Coventry BS

Meltdown_2

Nationwide and West Bromwich are Building Societies, and they are in the table.

Inclusion in the table seems to be based on whether it is "popular" or features in the main articles on the MSE website. I have a personal view on whether some other institutions should be included, and some of the current ones dropped - but hey, it's not my website ..

Just to clarify things a bit further, JanCee, all "Building Societies" are totally separate entities, and are not linked (in the FSCS way) with any other banks or building societies.

earlgrey_3

Meltdown wrote: »

Nationwide and West Bromwich are Building Societies, and they are in the table.

You're quite right. :rolleyes:

That page says:
"The 'What counts as a bank?' table.
The table below shows you which banks are standalone and which are the same institution. Any banks shaded in the same colour (except white!) share the protection,"

Someone should tell to Mr Lewis :money: that Nationwide and West Bromwich aren't banks. People are confused enough already.

Meltdown_2

I don't expect Martin (or MSE Dan) gets a lot of time to check and correct these 'slips' (though only Nationwide was included until the latest change). It probably is more efficient for the MSE readers to do the proof-reading for them.

For reference, it seems to me that Asda (banking) should be included (Sainsbury's and Tesco are, after all ) with the link to Bradford & Bingley made clear (B&B operate the Asda banking). Egg's links to Citibank could also be clarified. Northern Bank (included) is now part of the Danish Danske Bank (not included).

I can perhaps understand why NS&I and Northern Rock are not included in the table - though they are clearly now part of the same group (HMG).

barak

caveat_emptor wrote: »

50+ pays 6.4% AER, 60+ pays 5.63% AER.

There are - or were - two Coventry Sixty-Plus eSave accounts.

The Sixty-Plus eSave pays 6.40% Gross fixed until 30th June 2008 [The quoted AER of 5.63% assumes the account "is opened on 01.03.08" - which is a bit odd as I don't think the account was available by then]

The Sixty-Plus eSave (2) pays 6.40% Gross fixed for the first year the account is open.

ManAtHome

Thought it was the 50+ that paid 6.4% for the first year (my older 50+ pays 6.4% until end of this year) - think we need a 57.25+ paying 6.41% until 45 days after the number you first thought of...

TomsMom

ManAtHome wrote: »

Thought it was the 50+ that paid 6.4% for the first year (my older 50+ pays 6.4% until end of this year) - think we need a 57.25+ paying 6.41% until 45 days after the number you first thought of...

It is, I think Barak has got a bit mixed up. It is the 50+ that has two types of account, the 50 plus e-save and the 50 plus notice.

The 60 plus is just one account paying 6% in the first year and 5.25% in the second year.

~Chameleon~

I used to have two accounts with Coventry BS and found they offered great rates to get you in there but these always seem to have bonus rates attached which are not that great once they end

Meltdown_2

TomsMom wrote: »

It is, I think Barak has got a bit mixed up.

I thought it was Hillary who got a bit mixed up ...:rotfl:

barak

TomsMom wrote: »

It is, I think Barak has got a bit mixed up. It is the 50+ that has two types of account, the 50 plus e-save and the 50 plus notice.

The 60 plus is just one account paying 6% in the first year and 5.25% in the second year.

It is quite complicated!
I was not referring to the Sixty-Plus Saver (2) which is a regular savings account.

This thread was started by caveat_emptor who had a Sixty-Plus eSave and I was referring to that account -
http://www.coventrybuildingsociety.co.uk/savings/ProductFeatures.aspx?ProdCode=SPES
and its successor Sixty-Plus eSave (2).
http://www.coventrybuildingsociety.co.uk/savings/ProductFeatures.aspx?ProdCode=SPES2

Neither of these are now available to new depositors, but they are both still paying 6.40% as I described, and, as caveat_emptor discovered, if you have either you can't open a Fifty-Plus eSave.

TomsMom

barak wrote: »

It is quite complicated!
I was not referring to the Sixty-Plus Saver (2) which is a regular savings account.

This thread was started by caveat_emptor who had a Sixty-Plus eSave and I was referring to that account -
http://www.coventrybuildingsociety.co.uk/savings/ProductFeatures.aspx?ProdCode=SPES
and its successor Sixty-Plus eSave (2).
http://www.coventrybuildingsociety.co.uk/savings/ProductFeatures.aspx?ProdCode=SPES2

Neither of these are now available to new depositors, but they are both still paying 6.40% as I described, and, as caveat_emptor discovered, if you have either you can't open a Fifty-Plus eSave.

Oh, sorry I misunderstood. I didn't realise you were referring to closed accounts - funny that the rate should be exactly the same as the 50+, that's why I thought you meant the 50+.

So anyone who has one of these now closed accounts is getting just as good a deal.

I have just applied online for my 50+ e-save, just a case of filling in the form and waiting for them to send the bumff out before you can make an initial deposit. Quite happy with a fixed rate of 6.4% as there may be the likelihood of a reduction in interest rates soon, and just as happy to move on when the time comes when they reduce the rate if there's someone else offering a better rate.