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.
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.
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.
What is the interest rate?
Effective from 1st October 2016
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?
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
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
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:
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