Easy access, family-friendly savings
If you've got a family and receive Child Benefit, we've got an account just for you. Family Saver is an easy access, online account that gives you a great rate of interest on your Child Benefit and other savings, all we ask is that your Child Benefit is paid directly into the account.
So when they need uniforms, sports gear or the next must-have toys, you'll have one less thing to worry about.
- Enjoy a great rate of 3.00% AER*/gross p.a. (variable) which includes a 1% AER* first year bonus
- Save between £1 and £250,000
- Child Benefit payments must be paid directly into your Family Saver account. You can also pay additional deposits in by transfers, standing orders or by popping a cheque in the post
- Manage your account conveniently online and access your savings without notice or penalty whenever you like by transferring money to your nominated account or another Coventry account online
- Annual and monthly interest options available
*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.
^Interest on ISAs is paid tax-free, that is gross with no tax deducted.
If you're a new customer or not currently registered for Online Services
If you already use Online Services, we'll usually open your account straightaway
