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.
We’ve designed this highly competitive flexible cash ISA for your tax-free savings allowance for this tax year and future
tax years. You’ll earn a highly competitive tax-free rate of interest, with just 30 days’ notice for withdrawals without charge.
Alternatively, if you need your money in a hurry you can withdraw without notice subject to a charge equal to 30 days’ interest on the amount withdrawn. You can choose to have a statement or a passbook to record transactions.
We calculate the interest daily and pay it annually, on the anniversary of account opening. Interest can be added to the account or paid away.
The interest rate is variable so we can increase or decrease the rate at any time.
For more details about why we may change the rate, and how and when we’ll let you know about a change, see section 4 in our General Terms and Conditions.
This would be the balance after 12 months if £1,000 was paid in, all interest is paid back to the account, there was no change to the interest rate and no money was taken out or paid in during the year.
This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances.
How to pay in
The minimum balance is £1
You may pay in up to your annual ISA allowance each tax year depending on any money you may have already paid into other types of ISA (e.g. stocks and shares). For the 2018/2019 tax year the allowance is £20,000.
To make a withdrawal without charge, you need to give 30 days’ notice. You can do this in branch (if you have a passbook), by phone, online or by post. Alternatively, if you need your money in a hurry, you can withdraw subject to a charge equal to 30 days’ interest on the amount withdrawn. This charge will be deducted from the balance of your account.
How to withdraw
This is a flexible ISA.
Interest on ISAs is paid tax-free, that is without tax deducted. ISAs are a savings scheme initiated by the Government and are subject to change by them. For example the favourable tax treatment may not be maintained.
This account is a limited issue account, so we may stop accepting applications at any time.
*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 30 Day Notice ISA (5) and our General Terms and Conditions.
A flexible ISA
This ISA is flexible so you can take money out and put it back in later, without it counting any further towards your annual ISA allowance, as long as you pay the money back in before the end of the same tax year. If you’ve created a flexible ISA allowance on another ISA, you can’t transfer this allowance to 30 Day Notice ISA (5).
How to keep track of your account
If you choose not to have a passbook, 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.
If you choose to have a passbook and keep it updated, this will be your record of all transactions instead of a statement. If your passbook isn’t updated, we’ll issue you with a statement within a month of any money leaving your account.
You can receive your statements 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 cancellation period after you make your first payment into an 30 Day Notice ISA (5). If you wish, you may change your mind and close the ISA within 14 days and it will be treated as if you never had the ISA so you'd still be able to pay some/all of your annual ISA allowance into another cash ISA in this tax year.
If you’re not happy with our service
Please let us know. We take care to deal with problems quickly, thoroughly and fairly. 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
To close the account, ask us 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.
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.
Coventry Building Society is not responsible for the accuracy of the data. This tool doesn't provide any recommendation or advice. Full terms and conditions relating to each product listed are available from the relevant provider. We don't receive a commission, incentive or other form of remuneration from Moneyfacts or any other provider.