Limited Access Saver (Online) (5)

Rate
0.55%
AER/Gross p.a.
(Variable)

Access

Yes - Restricted

Restrictions - charges apply

Interest paid

AnnuallyorMonthly

Deposits

£1 - £250,000

Limited Access Saver (Online) (5)

0.55%
AER/Gross p.a. (Variable)
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Account overview

 

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Summary box

Account name

Limited Access Saver (Online) (5)

What is the interest rate?

  Annual interest
(Variable)
Monthly interest
(Variable)
Balance AER*/Gross p.a. AER* Gross p.a.
£0.01 plus 0.55% 0.55% 0.55%

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).

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

£1,005.50
 

This would be the balance after 12 months if £1,000 was paid in on 1 August, 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.

How do I open and manage my account?

How to open and manage
 

• Online

• You must be aged 16 or over

 

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

• 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 a limited access account. You can take money out of your account up to six times a year without having to pay a charge. From the seventh withdrawal onwards (which can include closure), you’ll receive a charge equal to 50 days’ interest based on the amount you’re withdrawing. The charge will be deducted from the balance of the account, at the time of the withdrawal. Each ‘year’ in this case starts on the anniversary of the day you opened the account.
 

How to take money out of your account
 

• 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. You can only have one Limited Access Saver (Online) (5) at a 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 shows what the interest rate would be if interest was paid and added each year.

Application checklist

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

Ready to open an account?

Limited Access Saver (Online) (5)

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