CallSave MoneyManager
Pay bills, transfer money - everything you need to manage your money day to day, with the convenience of our telephone service.
Effective from 1st April 2009
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Account name | CallSave MoneyManager |
Interest rates (AERs) | The interest rate is variable. For details see the table above.
Interest on CallSave MoneyManager is paid as 'split balance'. This means that, even if the amount in the account exceeds £1,999.99, interest on the first £1,999.99 will always earn the interest rate in the £1 plus tier. Where the amount in the account exceeds £1,999.99, only the amount over £1,999.99 will earn the interest rate in the £2,000 plus tier.
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Tax status | Interest is paid net of tax unless a form R85 is completed.
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Conditions for bonus payment | Not applicable.
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Withdrawal arrangements | This is an instant access account.
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Access | This account is operated by telephone. You may also choose to operate it online.
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Interest
- Interest is paid either annually on 30th September or monthly on the last day of the month.
How to apply
- Apply in person in any of our branches, telephone us, or apply online at www.thecoventry.co.uk.
- The minimum balance is £1 and the maximum balance is £250,000.
Using your account
- Just telephone us whenever you need to make a withdrawal, check your balance and so on.
You can also choose to add our Online Services for extra convenience and at no additional cost.
- We'll provide a statement each quarter to make sure you keep up to date with your money.
- A CashLink card is available on request.
Paying money in
- Cash or cheque at any of our branches.
- Standing Order - arrange a standing order with your bank or building society to pay a regular amount of money into your account.
- Post - just post a cheque to us.
- CashLink card - you can use your CashLink card to pay in cheques or notes at any ATM (Automated Teller Machine) based at any of our branches.
- And of course you can transfer money to this account from another Coventry account.
Withdrawals
- Arrange to send money to your nominated bank account for a minimum of £250.
- Use your CashLink card in the UK to withdraw cash from any ATM displaying the LINK, VISA or PLUS symbol, or abroad at any ATM displaying VISA or PLUS (you will need to contact us to use your card abroad).
- Set up a standing order or one-off standing order.
- Pay regular bills by direct debit.
- And of course you can transfer money to another Coventry account.
Notes
1. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. * The AER calculations are based on a total investment of £4,000.
2. The minimum opening balance is also the minimum level at which the account should be operated. If the balance of an account falls below the minimum stated, and the Society has not exercised its right to close the account, the interest rate paid will be nominal. This nominal rate is our basic variable investment rate currently 0.10% AER/gross p.a., 0.08% net.
3. Interest is calculated gross, which means before tax has been deducted. Interest is usually paid net of tax (after tax has been deducted at the current rate of 20%). If you are taxed at the basic rate you should have nothing more to pay. If you are a higher rate tax payer you are likely to have to pay more tax.
Non-taxpayers can register to have their interest paid gross by completing a form R85 for each account and each account holder, (if both are entitled to have interest paid gross.) Tax may be reclaimed from HM Revenue & Customs where the amount deducted exceeds an investor's liability to tax. If you are in any doubt about your tax position please contact your local tax office.
4. Please refer to the account terms and conditions and Money Management Accounts leaflet for full details of the account. Details of any charges applicable to accounts are available on request from any branch, by telephone or on our website.
Coventry Building Society, Economic House, PO Box 9, High Street, Coventry CV1 5QN.
