1st Class Postal (4)
The Coventry 1st Class Postal savings account (4) is part of our ongoing commitment to provide great services and outstanding products to meet the needs of our members. It's ideal for investing £1,000 or more and offers a 1st class return on your savings.
This easy access postal savings account offers a highly competitive variable interest rate of 3.15% AER/gross p.a. (3.15% AER, 3.11% gross p.a., monthly) which includes a 1.15% AER first year bonus. What's more, with the 1st Class Postal savings account (4) you also have easy access to your savings should you need them, with four penalty-free cheque withdrawals per year for a minimum of £1,000.
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Easy access postal savings
- Once opened this 1st Class Postal savings account can only be operated by post.
- Invest between £1,000 and £250,000 in your 1st Class Postal (4).
- The interest rate on your 1st Class Postal (4) is variable and includes a 1.15% AER bonus for the first year of investment.
- You can make four penalty-free cheque withdrawals per year, for a minimum of £1,000.~
- Monthly interest option available.
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Opening your 1st Class Postal (4)
Opening a Coventry 1st Class Postal savings account (4) is easy, simply order a pack, complete the application form and return it to us. Once your savings account is open, we'll send you a welcome pack confirming your details, together with the stationery you need to operate your new 1st Class Postal savings account (4).
You may only ever open one 1st Class Postal account, either solely or jointly. However many issues of the 1st Class Postal account there may be, you cannot open more than one.
~Additional withdrawals subject to a charge equal to 50 days' interest on the amount withdrawn.
*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.
