Easy Access (Online) (4)

Important note – From 1 July 2022, the variable interest rate on this account will increase to 1.35% AER/gross p.a.

Rate
1.20%
AER/Gross p.a.
(Variable)

Access

Yes

Interest paid

AnnuallyorMonthly

Deposits

£1 - £250,000

Easy Access (Online) (4)

1.20%
AER/Gross p.a. (Variable)
Scroll to read the summary
Important note – From 1 July 2022, the variable interest rate on this account will increase to 1.35% AER/gross p.a.

Registered for Online Services?

Account overview

 

Age requirement icon
New to range icon
Access icon
Variable rate icon
Highly competitive icon
Interest paid icon

Summary box

Account name

Easy Access (Online) (4)

What is the interest rate?

  Annual interest
(Variable)
Monthly interest
(Variable)
Balance AER*/Gross p.a. AER* Gross p.a.
£0.01 plus 1.20% 1.20% 1.19%

We calculate the interest daily and pay it 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 into another suitable account.

Can Coventry Building Society change the interest rate?

The interest rate is variable, so it can go up or down at any time.

 

For more details about why we may change the rate, as well as how and when we’ll let you know, see our Saving Accounts Terms and Conditions booklet (section 4).

 

Important note – From 1 July 2022, the variable interest rate on this account will increase to 1.35% AER/gross p.a.

What would the estimated balance be after 12 months based on a £1,000 deposit?

£1,013.50

 

This would be the balance after 12 months if £1,000 was paid in, all interest was paid back into the account annually, there was no change to the interest rate 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.

 

This illustration is calculated based on a variable interest rate of 1.35% AER/gross p.a., which is the interest rate effective from 1 July 2022.

How do I open and manage my account?

How to open and manage

 

  • Online
  • When you apply for the account, you must provide us with a valid email address for each account holder

 

How to put money into your account

 

  • 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 sortcode 40-63-01
  • You must be aged 16 or over
  • The minimum balance is £1
  • The maximum balance is £250,000

 

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.

Can I withdraw money?

This is an easy access account. You can take out money whenever you wish by logging into Online Services.

 

How to take money out of your account

 

Ask for a transfer to another Coventry Building Society account or to your Named Bank Account online

Additional information

This account is a limited issue, so we may stop accepting applications at any time.

 

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.

Application checklist

checklist
Must be a UK resident
checklist
Be at least 16 years old
checklist
Online only
checklist
Your Coventry account number 
checklist
Your bank or building society account
checklist
A Tax identification Number (TIN)
checklist
Email address for each account holder
checklist
Have read the following documents
Ready to open an account?

Easy Access (Online) (4)

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
Call us

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

Call us