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Easy Access ISA (4)

Grow your savings with a tax-free^ variable rate of 1.10% p.a./AER
  • Would you like to make the most of tax-free^ savings?
  • Want to pay in when you choose within your ISA limit?
  • Need easy access to your money?
1.10%
Tax-free^ p.a./AER*
(variable)
Login & apply
Select 'Login & apply' if you already use Online Services, as we'll usually be able to open your account straight away.

Account summary

Our Easy Access ISA (4) is a cash ISA which allows you to save tax-free within your allowance each year.
  • Save from £1 up to your annual ISA allowance each year.
  • For the 2016/2017 tax year, the allowance is £15,240. You can split your allowance across all types of ISAs: cash, innovative finance and stocks and shares.
  • You can't transfer in previous years' ISA savings.
  • You can make withdrawals and/or close the account whenever you wish without notice, charge or loss of interest
  • Interest is paid annually on 31 March
  • This is a 'flexible ISA' (read more about flexible ISAs)

If you open this ISA in a branch, you can request a passbook so you can easily pay in and make withdrawals at any branch.

Easy Access ISA (4) Terms and Conditions

General Investment Terms and Conditions (PDF 5MB) Opens in a new window

Account Summary - Easy Access ISA (4)

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The Financial Conduct Authority is a financial services regulator. It requires us, the Coventry, to give you this important information to help you decide whether our Easy Access ISA (4) is right for you. You should read this document carefully so that you understand what you're buying, and then keep it safe for future reference.

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Do you want a tax-free rate of interest and easy access to your money? We've designed this straightforward flexible cash ISA for your tax-free savings allowance for this tax year and future tax years. You can choose to have a statement or a passbook to record transactions.



Summary Box

Account name

Easy Access ISA (4) 

What is the interest rate?

Effective from 23rd September 2016
 
Annual Interest
Monthly Interest
Balance
Tax-free p.a./AER*.
AER*
Tax-free p.a.
  £0 plus
  1.10%
  N/A
  N/A
 

We calculate the interest daily and pay it annually, at the end of 31 March. Interest can be added to the account or paid away.

Can Coventry Building Society change the interest rate?

The interest rate is variable so we can increase or decrease the rate at any time.
For more details about why we may change the rate, and how and when we'll let you know about a change, see section 11 in our General Investment Terms and Conditions.
 

What would the estimated balance be after 12 months based on a £1,000 deposit?

£1,011.00
This would be the balance after 12 months if £1,000 was paid in on 1 April, all interest is paid back into the account, there was no change to the interest rate and no money was taken out or paid in during the year.
This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances.
 

How do I open and manage my account?

How to open and manage:
- Online Services
- Telephone Services
- By post
- At a branch (to manage your account this way, you'll need to ask us for a passbook)
You must be aged 16 or over and a UK resident
How to pay in
- By cash or cheque at a branch
- Post us a cheque
- By ISA transfer
- You can't transfer in previous years' ISA savings
- You may transfer in ISA savings from this tax year. You must transfer all the deposits you've made in this tax year
The minimum balance is £1
You may pay in up to your annual ISA allowance each tax year depending on any money you may have already paid into a stocks and shares ISA and/or innovative finance ISA. For 2016/2017 tax year, the allowance is £15,240
 

Can I withdraw money?

This is an easy access flexible ISA, so you can take money out at any time
How to withdraw
- ISA Transfer to another Coventry ISA or to another ISA provider, without losing your tax free status
- Transfer to your nominated bank account
- Request cheques by post
- If you choose to have a passbook, you'll also be able to withdraw in cash and by cheque at a branch, and transfer to any other UK bank or building society
 

Additional Information

Interest on ISAs is paid tax-free, that is gross with no tax deducted. ISAs are a savings scheme initiated by the Government and are subject to change by them. For example the favourable tax treatment may not be maintained.
This account is a limited issue account, so we may stop accepting new applications at any time.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
 
 

For full details, please see the Specific Terms for Easy Access ISA (4) and our General Investment Terms and Conditions.A flexible ISA

This ISA is flexible so you can take money out and put it back in later, without it counting any further towards your annual ISA allowance, as long as you pay the money back in before the end of the same tax year. If you've created a flexible ISA allowance on another ISA, you can't transfer this allowance to Easy Access ISA (4). For more detail about how flexible ISAs work, ask us or visit thecoventry.co.uk/changes-for-savers

If you change your mind

You have a 14 day cancellation period after you make your first payment into an Easy Access ISA (4). If you wish, you may change your mind and close the ISA within 14 days and it will be treated as if you never had the ISA so you'd be able to pay into another cash ISA this tax year.

To close the account, ask us at any branch, call us on 0800 121 8899 or write to us at: Head Office, Economic House, PO Box 9, High Street, Coventry, CV1 5QN.

Not sure what to do?

We're keen to help you make the right choice - have a chat with our specialists at any branch or by calling 0800 121 8899. You can also find more information on our website: thecoventry.co.uk

If you're not happy with our service

Please let us know. We sort out most problems fairly and quickly. If you're still not satisfied when we've finished our complaints procedure, you can take your complaint to the Financial Ombudsman Service. For more information about the Ombudsman Service, visit their website: financial-ombudsman.org.uk

Your savings are protected

Since 1884, we've been a strong, reliable and stable organisation to save with. Your eligible deposits with Coventry Building Society are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the £75,000 limit are unlikely to be covered. Ask us for more information or visit the FSCS website: fscs.org.uk

Coventry Building Society, Registered Office: Economic House, PO Box 9, Coventry, CV1 5QN

How it works

Using your account

You can manage your Easy Access ISA (4):

  • via our Online Services
  • over the phone
  • by post

We'll send you an annual statement so you can see what's happening with your ISA savings.

If you are opening this ISA in a branch, you can request a passbook so you can also manage the account at any of our branches.

Paying money in

Each tax year you can save up to your annual ISA allowance, subject to any money you've already paid into a stocks and shares ISA and/or an innovative finance ISA in the tax year.

Deposits can be made by:

  • electronic payment from your bank or building society
  • transfer from another Coventry account
  • cheque at a branch or by post
  • cash at a branch

ISA Transfers

In

You may transfer in ISA savings you've paid into another ISA this tax year either with us or another ISA provider. To transfer your cash ISA savings for the current tax year, under ISA rules, you must transfer them in full. Contact us and we'll arrange this for you.

Out

You may transfer out your ISA savings to a different ISA with the Coventry or another provider without losing their tax-free status.

For more information about ISA transfers Contact us.

Withdrawals

You can make withdrawals and/or close the account whenever you wish, without notice, charge or loss of interest.

Withdrawals can be made by:

  • one-off electronic payment to nominated bank account
  • internal transfer to another Coventry account
  • cheque by post

Interest

Interest is paid on 31 March each year and it can be added to the account, transferred to another Coventry account or to an alternative bank or building society account. We'll ask you to choose when you apply.

How to apply

You have a choice of ways to apply for this account:


Apply online

It's quick, easy and secure.

Log in and apply

If you already use Online Services you can log in and apply. We'll use your existing details and usually be able to open your account straightaway.

Give us a call

Get in touch on 0800 121 8899.

Pop into branch

We're always happy to see you face-to-face and take you through the application process.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

^Interest on ISAs is paid tax-free, that is without tax deducted.
ISAs are a savings scheme initiated by the Government and are subject to change by them. For example the favourable tax treatment may not be maintained. You must be 16 or over and a resident in the UK to open a cash ISA.

Coventry Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm reference number 150892 www.fca.org.uk Opens new website in another window). This site is intended for UK residents only. Coventry Building Society. Registered Office: Economic House, PO Box 9, High Street, Coventry CV1 5QN.

Our Customer Service Centre is open Monday to Friday 8am-8pm, Saturday 9am-5pm, Sunday 10am-4pm.

Calls to 0800 numbers are free when made from the UK. You may be charged for calls to all other numbers, please contact your service provider for further details. We may monitor, record, store and use telephone calls to help improve our service and as a record of our conversation.