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.
Easy Access (Online) is a highly-competitive online savings account. It’s designed to help you build up your savings and allow you access to your money when you need it. There are plenty of ways to pay in and when you want to pay out, simply log into Online Services and transfer to your nominated bank account or another Coventry Building Society account.
|Balance||AER*/Gross p.a.||AER*||Gross p.a.|
We calculate the interest daily and pay your interest annually, on the anniversary of the date you opened the account, or monthly, at the end of the last day of each month. 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 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 into the account on an annual basis, 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 open and manage
When you apply for the account, you must provide us with a valid email address for each account holder.
How to pay in
This is an easy access account. You can take money out whenever you wish by logging into Online Services.
How to withdraw
This is a limited issue account.
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 Easy Access (Online) and our General Terms and Conditions.
How to keep track of your account
We'll email you within a month of any money leaving your account, to let you know that your statement is ready to download. You can still ask for a statement at any time. Just pop into a branch or call us and we’ll send you one by post.
If you change your mind
If you open an Easy Access (Online) and then change your mind, you can close it anytime. To close the account, simply log into Online Services and select 'Close my account'.
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.