Do these changes affect my Coventry Building Society savings account?
It depends on the type of account you have with us:
Fixed - Your account won’t be affected because the interest rate is set for an agreed length of time.
Variable – On 14 August 2023, interest rates on all of our variable savings accounts will be increased.
Why hasn’t my rate gone up by the same amount as Bank of England Base Rate increased by?
Our savings rates are not linked to the Bank of England Base Rate but it’s one of the factors we take into consideration when we review our rates. We’re committed to offering you great long-term value and ensure we offer the best rates we can.
What’s the current interest rate on my account? Is the rate fixed or variable?
To find out the interest rate you’re currently receiving on your account:
Whenever we list an interest rate, we always state whether it’s fixed or variable.
Is my interest rate increasing?
You can see what the new rate on your account will be below:
If the rate on your account is increasing, we will contact you in the coming weeks.
Will rates be increasing if base rate goes up again?
We continually review our rates and monitor market movement to make sure we offer long-term value to our members.