Your Coventry Application

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Specific Terms for Four Access Saver
The Saving Accounts Terms and Conditions in force and as updated from time to time and these Specific Terms both apply to this Four Access Saver. If there is any inconsistency between the Saving Accounts Terms and Conditions and the Specific Terms, the Specific Terms will apply.
1. The account
1.1 This account is a Savings Account
1.2 There is a passbook-based version and a statement-based version of this account.
1.3 If you have a passbook-based account, you may operate your account in branch, by post, telephone or online.
1.4 If you have a statement-based account, you may operate your account by post, telephone or online.
1.5 To open a statement-based account:
(a) you must be aged 16 or over;
(b) you must not be a trustee;
(c) there may be no more than two joint account holders.
1.6 For statement-based accounts that are held in joint names, we cannot arrange for both of you to be required to authorise transactions.
1.7 We will allow trustees to open a passbook-based account in certain circumstances. Please ask us for details.
1.8 If you have a statement-based account and you wish to make a withdrawal in accordance with Condition 5.6(c) from the account, you must give us the details of your Named Bank Account (a UK bank or building society account on which you are named). If, at any time, there is a change to your Named Bank Account details, you must contact us to let us know.
1.9 You may only hold one Four Access Saver at any one time.
2. Minimum & maximum balance
2.1 The minimum balance is £1 and the maximum balance is £250,000.
3. Interest
3.1 The interest rate for this account is variable. Your current interest rate is stated on our website (thecoventry.co.uk), or you can call our Customer Service Centre.
3.2 If you opt to receive annual interest it will be paid on the anniversary of the date that you open the account.
3.3 If you opt to receive monthly interest it will be paid at the end of the last day of each month.
3.4 You may choose to have the interest added to this account or paid into a non-ISA account with us. It can also be paid to another UK bank/building society.
4. Deposits
4.1 Deposits can be made by:
(a) cash at a branch;
(b) cheque at a branch or by post to our central processing centre;
(c) internal transfer from an account with us; or
(d) electronic payment from an account with another bank/building society.
5. Withdrawals/closure
5.1 in this Condition 5:
(a) "a year" begins on the date or anniversary date that your account is opened;
(b) "a withdrawal" includes the closure of the account by you; and
(c) "a withdrawal" includes withdrawals of interest by you, unless you have arranged for interest payments to be paid out of the account automatically in accordance with Condition 3.4.
5.2 You may make up to 4 withdrawals each year without charge or loss of interest.
5.3 If you make 5 or more withdrawals in a year (which can include closure), you will be charged an amount equivalent to 50 days' interest on the amount withdrawn on the 5th and subsequent withdrawals. The charge will be deducted from the balance of the account, at the time of the withdrawal.
5.4 Interest will be charged in accordance with Condition 5.3 at the variable rate which applies on the date the money leaves your account.
5.5 If you have a passbook-based account, withdrawals or closure can be made by:
(a) cash at a branch;
(b) cheque at a branch or by post from our central processing centre:
(c) internal transfer to an account with us; or
(d) one-off electronic payment to an account with another UK bank/building society.
5.6 If you have a statement-based account, withdrawals or closure can be made by:
(a) cheque by post from our central processing centre;
(b) internal transfer to an account with us; or
(c) one-off electronic payment to your Named Bank Account.