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.
The Financial Conduct Authority is a financial services regulator. It requires us, Coventry Building Society, to give you this important information to help you decide whether our Fixed Rate ISA (39) is right for you. You should read the below carefully so that you understand what you’re buying, and then keep it safe for future reference.
Do you want a highly competitive rate of tax-free interest? Can you put away a lump sum until the end of 31.05.2020? We’ve designed this ISA for your 2017/2018 annual ISA allowance and/or some or all of your previous years’ ISA savings.
(Fixed until 31.05.2020)
We calculate the interest daily and pay it annually, at the end of 31 May.
Interest can be added to the account or paid away.
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 May 2020.
This would be your balance after 38 months if £1,000 was paid in on 1 April 2017, interest is 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 pay in
For full details, please see the Specific Terms for Fixed Rate ISA (39) and our General Investment Terms and Conditions.
If you change your mind
You have a 14 day cancellation period after you make your first payment into a Fixed Rate ISA (39). If you wish, you may change your mind and close the account within 14 days without notice, charge or loss of interest.
To do this, ask at any branch, call us on 0800 121 8899 or write to us at Oakfield House, PO Box 600, Binley Business Park, Coventry CV3 9YR.
If you do close the account within the 14 days, it will be treated as if this ISA was never opened, so you’d still be able to pay some/all of your annual ISA allowance into another cash ISA in the same tax year.
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 sort out most problems fairly and quickly. 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.
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.