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Easy Access Saver (4)

A straightforward easy access savings account.
  • Would you like to earn a variable rate of interest?
  • Are you looking for easy access to your money?
  • Would you like to open your account from just £1?
0.85%
AER*/gross p.a. (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

Easy Access Saver (4) is a straightforward account designed to help you build up your savings and keep something set aside for a rainy day. There are plenty of ways to pay in and when you want to withdraw, simply transfer to a nominated bank account or another Coventry account.
  • Save from £1 up to £250,000
  • Earn 0.85% AER*/gross p.a. (variable)
  • Make withdrawals by transfer only and/or close the account whenever you wish without notice, charge or loss of interest
  • Annual and monthly interest options available

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

Easy Access Saver (4) Terms and Conditions

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

Account Summary - Easy Access Saver (4)

This document contains information about Easy Access Saver (4) to help you compare it with other accounts and decide whether it's right for you. Please read this carefully and then keep it safe for future reference.
Summary Box

Account name

Easy Access Saver (4) 

What is the interest rate?

Effective from 1st October 2016
 
Annual Interest
Monthly Interest
Balance
AER*/gross p.a.
AER*
Gross p.a.
  £0.01 plus  
  0.85%
  0.85%
  0.85%
 

We calculate the interest daily and pay your interest annually, on the anniversary of the date you opened the account, or monthly, at the end of the last day of each month. 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 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?

£1,008.50
This would be the balance after 12 months if £1,000 was paid in, all interest is paid back into the account on an annual basis, 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)
How to pay in
- Pay in cash or cheques in a branch
- Post us a cheque
- Set up transfers from an account with another bank or building society or another Coventry account
You must be aged 16 or over to have a statement version of this account
The minimum balance is £1
The maximum balance is £250,000
 

Can I withdraw money?

This is an easy access account. You can take money out whenever you wish.
How to withdraw
- Request a transfer to another Coventry account or to your nominated bank account, online or by phone
- If you have a passbook, you can request a transfer to another Coventry account or any UK-based account in branch, online or by phone
 

Additional Information

We pay your interest gross. The gross rate is the interest payable before the deduction of tax.
*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 Saver (4) and our General Investment Terms and Conditions.

If you change your mind

If you open an Easy Access Saver (4) and then change your mind, you can close it anytime. 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 £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the £85,000 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, High Street, Coventry, CV1 5QN

How it works

Using your account

You can manage your Easy Access Saver (4):

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

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

Paying money in

  • Set up a transfer or regular payments from your bank or building society
  • Transfer money from another Coventry account
  • Pay in cash or cheques at any branch
  • Post cheques to us

Withdrawals

  • Transfer to your nominated bank account
  • Transfer to another Coventry account
  • Withdrawals cannot be made by cash or cheque

Interest

  • We pay interest annually at the end of the anniversary of the date the account was opened, or monthly at the end of the last day of the month

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. The gross rate is the interest rate payable before the deduction of tax.

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.