Fixed Bond (234) 31.08.2024

Rate
1.00%
AER/Gross p.a.
(Fixed until 31.08.2024)

Access

No

Interest paid

AnnuallyorMonthly

Deposits

£1 - £250,000

Fixed Bond (234) 31.08.2024

1.00%
AER/Gross p.a. (Fixed until 31.08.2024)
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Account overview

 

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Summary box

Account name

Fixed Bond (234) 31.08.2024

What is the interest rate?

  Annual interest
(Fixed until 31.08.2024)
Monthly interest
(Fixed until 31.08.2024)
Balance AER*/Gross p.a. AER* Gross p.a.
£0.01 plus 1.00% 1.00% 1.00%

The interest rate is fixed until 31 August 2024.

We calculate the interest daily and pay it annually (either into this account or to another suitable account) at the end of 31 August or monthly (to another suitable account only), at the end of the last day of each month.

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 31 August 2024.

What would the estimated balance be after 38 months based on a £1000 deposit?

£1,032.06
 

This would be the balance after 38 months if £1,000 was paid in on 1 July 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


This is a limited issue account and you have a limited time to pay in.


You need to make sure we’ve received the money you’re using to open the account, and any other money you want to put in the account, either within 14 calendar days of your account being opened or while the account is open to new investors, whichever period is longer.

  • Pay in cash or cheques in a branch (please check 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
  • The minimum balance is £1
  • The maximum balance is £250,000

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. 

 

How to keep track of your account


If you don’t have a passbook (or you have one but don’t keep it updated), you’ll get a statement within a month of any money leaving your account. We won’t send more than one a month.


If you have a passbook and keep it updated, there’s no need for statements.


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

Can I withdraw money?

This is a no access account. After the 14 day ‘cooling off period’, you can’t make withdrawals (including any interest paid into the account) or close the account before 31 August 2024.


What happens when the bond’s fixed period ends (matures)


This Fixed Bond (234) will mature at the end of 31 August 2024.


We’ll write to you at least 14 days before the account matures with details of how you can re-invest your savings with us, or take out some or all of your money. There’ll be a default option - another bond with us. The length of the fixed bond will either be shorter, the same or no more than six months longer than the duration of your current bond, and options to take money out will be no more restrictive than the options 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 close your new bond, without being charged, within 21 days after the end of your fixed period.

Additional information

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

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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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A Tax identification Number (TIN)
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Have read the following documents 
Ready to open an account?

Fixed Bond (234)

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 closed
  • 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