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.
Do you want to be in control of your own money? Would you like a cash card so you can take money out whenever you like? Would you like to be able to check your account online? Intro is our account for 11 to 17 year-olds who have their own money to save – and to spend.
This page contains information about Intro to help you compare it with other accounts and decide whether it’s right for you. Please read this carefully.
We calculate the interest daily
and pay it monthly
, at the end of the last day of each month. Interest can be added to your account or paid away.
How to open
How to pay in
How to manage your account
The minimum balance is £1
The maximum balance is £5,000
This is an instant access account so you can take money out at any time.
How to withdraw
When you reach 18
We’ll automatically transfer the balance to a Coventry Building Society instant access account for adults unless you tell us otherwise. We’ll send you a reminder nearer the time.
For full details, please see the Specific Terms for Intro and our General Terms and Conditions
You can find out more about our children’s accounts in the Children’s Account Opening Guide. For a copy, ask at any branch, call us on 0800 121 8899.
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 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
If you open an Intro account and then change your mind, you can close it anytime. 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.
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
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.