Strength and stability, Secure for our members
We think it's important that you can be confident in the strength of your savings or mortgage provider. That's why we've worked hard to build a strong foundation for Coventry Building Society.
We're really proud of our record as one of the UK's strongest financial institutions. In fact, we've retained 'A-ratings' throughout the credit crisis from both Fitch (A) and Moody's (A3), the two rating agencies that analyse the building society sector.
Doing the right things
- We reported the highest average savings rate of any top 10 building society or mutual lender over the 5 year period 2007 - 2011, and we expect 2012 to be no different
- We don't use sales incentives, or even sales targets, for any member of staff
- We're increasing interest rates on variable cash ISAs from April 6 2013, benefitting a quarter of a million existing savers with a 'best buy' rate of 2.50% AER*
- We've strengthened members' reserves by over £300 million since the credit crisis began, and are the only top 10 building society or mutual lender to have grown assets and reported a profit every year since 2008
For more information, see our financial results.
2012 Year end financial results - news release (PDF)
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Interest is paid tax-free, that is gross with no tax deducted.