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.
Do you want a tax-free rate of interest and easy access to your money? We’ve designed this straightforward flexible cash ISA for all your tax-free savings: you can save up to your annual ISA allowance in this tax year and in future tax years and, if you wish, you can transfer in any previous years’ ISA savings. You can choose to have a statement or a passbook to record transactions.
The Financial Conduct Authority is a financial services regulator. It requires us, the Coventry Building Society, to give you this important information to help you decide whether our Easy Access ISA (5) is right for you. You should read this document carefully so that you understand what you’re buying, and then keep it safe for future reference.
We calculate the interest daily
and pay it annually,
at the end of 31 March. Interest can be added to the account or paid away.
How to open and manage
You must be aged 16 or over and a UK resident
How to pay in
This is an easy access flexible ISA, so you can take money out at any time.
How to withdraw
If you choose to have a passbook, you’ll also be able to withdraw in cash and by cheque at a branch, and transfer to any other UK-based account.
For full details, please see the Specific Terms for Easy Access ISA (5) and our General Investment 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 Easy Access ISA (5).
If you change your mind
You have a 14 day cancellation period after you make your first payment into an Easy Access 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.
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.