Fixed Rate ISA (137) 30.11.2022

Rate
0.85%
Tax-free p.a./AER
(Fixed until 30.11.2022)

Tax free - Interest which is paid that is exempt from tax. 

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. 

A fixed rate doesn't change. A variable rate can go up or down.

Access

No

Restrictions - charges apply

Interest paid

Annually

Deposits

£1 - £20,000

For the 2021/2022 tax year

Current and previous years' transfers are allowed

Fixed Rate ISA (137) 30.11.2022

0.85%
Tax-free p.a./AER (Fixed until 30.11.2022)

Tax free - Interest which is paid that is exempt from tax. 

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. 

A fixed rate doesn't change. A variable rate can go up or down.

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Account overview

 

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Previous years ISA transfer
Variable rate icon
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Flexible ISA

Summary box

Account name

Fixed Rate ISA (137) 30.11.2022

What is the interest rate?

  Annual interest
(Fixed until 30.11.2022)
Balance Tax-free^ p.a./AER*
£0.01 plus 0.85%

The interest rate is fixed until 30.11.2022.

We calculate the interest daily and pay it annually, at the end of 30 November. Interest can be added to the account or paid into another suitable account.

Can Coventry Building Society change the interest rate?

The interest rate is fixed.

No matter what happens to interest rates generally, we won’t change the rate for this account until it matures at the end of 30 November 2022.

What would the estimated balance be after 15 months based on a £1000 deposit?

£1,010.64
 

This would be the balance after 15 months if £1,000 was paid in on 1 September 2021, all interest was 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 do I open and manage my account?

How to open and manage

  • Online
  • Call 0800 121 8899
  • By post
  • At a branch (please check opening hours first)
  • You must be aged 16 or over and a UK resident to open this statement-based account

How to put money into your account

You may pay in up to your annual ISA allowance for the 2021/2022 (£20,000) tax year. You won’t be able to pay in more money in future tax years.


You may pay in money to this account, up to your annual ISA allowance, depending on how much money you have already paid into other types of ISA (e.g. stocks and shares).

  • Pay in cash or cheques in a branch (please check branch opening hours first)
  • Post us a cheque
  • Set up transfers from an account with another bank or building society or another account with us. To do this you will need the last 8 digits of your account number and sort code 40-63-01
  • You can also transfer in current and/or previous years' ISA savings using an ISA transfer. If you're transferring in your current year's savings then you must transfer all of it
  • This is a limited issue ISA and you have a limited time to pay in. We must receive the first payment into the account, and any other payments in (including ISA transfer instructions) within 14 calendar days of us accepting your application, or while the account is still open to new investors, whichever is longer
  • The minimum balance is £1

How to keep track of your account

 

You’ll get a statement within a month of any money leaving your account (but we won’t send more than one a month).

 

You can get statements by post, or go paperless if you use Online Services.

Can I withdraw money?

You can't take out part of the money

  • After the 14 day 'cancellation period', you can't dip into your money before 30.11.2022
  • You can close or transfer the ISA before 30.11.2022, but we charge you the equivalent to 120 days’ interest on the account balance

You can close the ISA and keep the money tax-free by moving the money to another ISA with us or another provider, using an ISA transfer. You can also move the money to another Coventry Building Society account, or to your Named Bank Account, but in that case it will lose its tax-free status.

What happens when the ISA's fixed period ends (matures)

  • This Fixed Rate ISA (137) will mature at the end of 30 November 2022
  • We'll write to you at least 14 days before this to let you know how you can re-invest your savings with us, take out some or all of your money or arrange an ISA transfer out of the account
  • There'll be a default option - another ISA with us. The length of the fixed ISA will either be shorter, the same or no more than six months longer than the duration of your current fixed ISA, and options to take money out will be no more restrictive than those offered by your original account
  • At maturity, the money in this account will be automatically re-invested into the default option unless you have asked us to do something else with it. However, you'll have the option to take money out or even close your new ISA, without being charged within 21 days after the end of your fixed period

Additional information

Fixed Rate ISA (137) is not a flexible ISA.
 

After you've opened the account, we won't contact you to let you know when it closes to new investors. To find out if it's still available, please contact us.

Interest on ISAs is paid tax-free, that is without tax deducted. ISAs are a savings scheme initiated by the Government and are subject to change by them. For example the favourable tax treatment may not be maintained.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Application checklist

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Must be a UK resident
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Be at least 16 years old
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Your Coventry account number 
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Your bank or building society account
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National insurance number
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Have read the following documents 
Ready to open an account?

Fixed Rate ISA (137)

Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.

 

Call us on 0800 121 8899

Lines open
  • Mon-Fri 8am-7pm
  • Saturday 9am-2pm
  • Sunday & Bank holidays Closed
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Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.

 

Call us on

0800 121 8899

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