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ISA Reward

If you're an existing Coventry customer who held a cash ISA with us at the end of 4 February 2013, ISA Reward could be for you.
  • Would you like to make the most of tax-free^ savings?
  • Are you looking for a variable interest rate?
  • Would you like access to your account whenever it suits you?
Tax-free^ p.a./AER* variable

At a glance

A great reward for existing ISA customers

Our ISA Reward not only helps you make the most of your annual cash ISA allowance but also allows you to transfer in previous tax years' subscriptions.

Following an announcement made by the Government in March this year, ISAs have been reformed into a new simpler product, the 'New ISA' (NISA) on 1 July. The NISA has an investment limit of £15,000 for the 2014/2015 tax year

A great rate on all of your ISA savings

  • Get a great variable rate of 2.50% tax-free^ p.a./AER*
  • You can also transfer in previous tax years' subscriptions
  • Access your savings when you like without charge
  • Annual interest is paid on the 31 March each year
  • ISA Reward is only available to existing Coventry customers who held a cash ISA with us at the end of 4 February 2013.

Important information

Please remember you may only deposit into one cash ISA each tax year.

How it works

Using your account

Managing your ISA Reward is easy, simply register for Online Services once your account is open. If you already use Online Services you won't need to register again. You can also manage your account over the telephone.

Paying money in

  • Transfer money from another bank or building society
  • Transfer money from another Coventry account
  • Send us a cheque


  • Access your savings when you like with unlimited withdrawals
  • Use Online Services or call us to arrange an electronic payment to a nominated account or transfer to another account at the Coventry
  • Alternatively to maintain the tax-free^ status of your savings, you can transfer your ISA to another ISA with us or another ISA Manager at any time without charge


  • Annual interest is paid on the 31 March each year
  • Interest can be added to the account or paid away to another account with us or another bank or building society

How to apply

If you would like to apply for the ISA Reward, please call us on 0845 766 5522 or visit a branch

*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 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. 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 This site is intended for UK residents only. Coventry Building Society. Registered Office: Economic House, PO Box 9, High Street, Coventry CV1 5QN.

Our advisors are available Monday to Friday 8am-8pm, Saturday 9am-5pm, Sunday 10am-4pm, telephone self-service is available 24 hours a day, 365 days a year. Contact your service provider for details of call charges, as costs may vary. Find out why we use an 0845 number. To maintain a quality service, calls made to and from Coventry Building Society may be monitored and recorded.