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 limit are unlikely to be covered.
For joint accounts eligible deposits are protected up to £170,000.
Please click here FSCS protect (PDF 3.7MB) for further information or visit www.fscs.org.uk.
In exchange for putting away your savings until the end of December 2022, we'll pay you a fixed rate of interest, so you'll know exactly what you're earning until 31 December 2022. And, by opening a Poppy Bond (146), you'll be helping us to help The Royal British Legion.
(Fixed until 31.12.2022)
(Fixed until 31.12.2022)
|Balance||AER*/Gross p.a.||AER*||Gross p.a.|
The interest rate is fixed until 31.12.2022
We calculate the interest daily and pay it annually at the end of 31 December or monthly at the end of the last day of the month. Interest can be added to the account or paid into another suitable account.
The interest rate is fixed.
No matter what happens to interest rates generally, we won't change the rate until the account matures at the end of 31 December 2022.
This would be the balance after 38 months if £1,000 was paid in on the 1 November 2019, all interest was paid back into the account, and no money was taken out or paid in.
This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances.
How to open and manage
How to put money into your account
This is a limited issue account and you have a limited time to pay in.
You need to make sure we've received the money you're using to open the account, and any other money you want to put in the account, either within 14 calender days of your account being opened or while the account is open to new investors, whichever period is longer.
After you've opened the account, we won't contact you to let you know when it closes to new investors. To find out if it's still available, please contact us.
This is a no access account. After the 14 day 'cooling off period', you can't make withdrawals (including any interest paid into the account) or close the account before 31 December 2022.
What happens when the bond's fixed period ends (matures)
Our donation to The Royal British Legion (Registered Charity no. 219279) will be equal to 0.15% of the total balances invested in Poppy Bond (146) as at the end of business on 31 December 2019.
The Royal British Legion will donate a percentage of the donation value to Poppyscotland (Scottish Charity No. SC014096), to reflect the percentage of all Society 'Poppy' accounts held by customers with a Scottish address.
The Royal British Legion is independent of Coventry Building Society and does not endorse or recommend the specific products promoted by Coventry Building Society. You should consider the suitability of products before purchasing and, if necessary, seek appropriate advice regarding your personal circumstances.
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 Poppy Bond (146) and our Saving Accounts Terms and Conditions.
How to keep track of your account
We'll issue you with a statement within a month of any money leaving your account. But don't worry, we'll never send you more than one statement a month. You can receive your statement by post. Or, if you use Online Services, you can go paperless and we'll send you reminders to view your statements.
If you change your mind
You have a 14 day 'cooling off period' after you open a Poppy Bond (146). If you wish, you may change your mind and take some money out, or close the bond within 14 days without notice, charge or loss of interest.
To close the account, ask 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.
If you’re not happy with our service
Please let us know. We take care to deal with problems quickly, thoroughly and fairly. You can ask us for a copy of our leaflet 'What to do if you have a complaint' which explains the steps we follow when someone reports a problem. 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: financial-ombudsman.org.uk
We believe in being open and honest. We want you to make an informed choice. That’s why we've built this tool to help you compare our accounts with other providers.
This tool uses the latest data from moneyfacts.co.uk, an independent comparison service. Moneyfacts aim to include at least 95% of providers of UK-based personal savings accounts.
What’s missing? Our tool omits any accounts with special conditions for opening (for example, you have to already hold an account with the provider).
Remember: there’s more to a savings account than just the interest rate. You can compare access terms, how to pay in and other criteria – then make your own mind up.