Coventry First has everything you need to manage your money day to day, whether that's online, by telephone or at any of our branches. And it pays the kind of interest rate you'd expect from a top savings account.
- 5.60% AER*, 5.46% gross p.a. (variable) paid monthly, includes a 0.85% AER bonus for the first year.
- A guarantee that the AER (including the bonus) will be 0.60% AER above Bank of England Base Rate for a year from the date your account is opened.
- A debit card to use wherever you see the VISA sign worldwide - and for added peace of mind and security we offer Coventry Card Protection which is provided by Sentinel® - which is free for the first 30 days, and covers all your other cards as well.
- A £250 interest free overdraft to act as a buffer in case you go overdrawn.
- A cheque service for those occasions when you need one.
- Fee free every day UK banking services such as Direct Debits, standing orders, bill payments and statements.
To apply you need to be aged 21 or over.
*To earn the advertised rate of interest including the bonus and guarantee you need to deposit at least £1,000 each month, (excludes transfers from other Coventry accounts). Otherwise, the interest rate earned on your entire balance will be nominal. This rate is currently 0.95% AER/gross p.a. monthly, which includes 0.85% AER/gross p.a. interest rate bonus for the first year. Maximum investment £250,000. AER stands for Annual Equivalent Rate and illustrates what the rate of interest would be if interest is paid and added to the account each year. The gross rate is the interest rate payable before the deduction of tax.