Specific Terms for Easy Access (Cash Card)
The Saving Accounts Terms and Conditions in force and as updated from time to time and these Specific Terms both apply to this Easy Access (Cash Card). 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 only available to individuals, either solely or jointly.
1.2 There is a passbook-based version and a statement-based version of this account. The version you hold will determine how your account is operated.
1.3 On Thursday 8 August 2019, the passbook version of this account closed to new investors.
1.4 To open and hold a statement-based account:
(a) you must be aged 16 or over;
(b) the maximum permitted number of joint account holders is two; and
(c) in the case of joint accounts, we will accept instructions to transact from either account holder.
We will not permit arrangements where both account holders are required to authorise transactions.
1.5 If you have a statement-based account, a passbook and a cash card are available on request.
1.6 If you wish to make a withdrawal in accordance with Condition 5.3(c), you must provide us with a named UK bank/building society account ("named bank account") to be registered for this account for the purposes of making withdrawals or closing the account. You must be named as an account holder on your named bank account.
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. Current interest rate information is available at any of our branches, from our customer service centre or on our website: thecoventry.co.uk
3.2 Except where condition 3.5 applies, interest will be paid either annually or monthly.
3.3 Annual interest will be paid on each anniversary of the account being opened, unless your account was opened before 27 July 2018 and you currently receive annual interest on 31 March, in which case your interest will continue to be paid on that date.
3.4 Monthly interest will be paid at the end of the last day of each month.
3.5 If your account was opened before 27 July 2018 and you currently receive half-yearly interest at the end of 30 June and 31 December, your interest will continue to be paid on those dates.
3.6 If you would like us to confirm when your interest is paid please contact us.
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 You can make withdrawals at any time without notice, charge or loss of interest.
5.2 If you have a passbook-based account, withdrawals 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;
(d) one-off electronic payment to an account with another UK bank/building society; or
(e) standing order.
5.3 If you have a statement-based account, withdrawals can be made by:
(a) cheque by post from our central processing centre;
(b) internal transfer to an account with us;
(c) one-off electronic payment to your named bank account;
(d) one-off electronic payment to an account with another UK bank/building society;
(e) standing order;
(f) cash through the LINK network of ATM machines or any ATM that displays the PLUS or Visa sign if you have a cash card;
(g) cash at a branch if you have a passbook or a cash card; or
(h) cheque at a branch if you have a passbook or a cash card.
6. Miscellaneous
6.1 This account is a Savings Account.
6.2 If you have a passbook-based account, you may operate this account in branch, and if aged 16 or over, by post, telephone or online.
6.3 If you have a statement-based account, you may only operate this account by post, telephone or online, except where Conditions 4.1(a) or (b) apply. If you hold a passbook or a cash card, you may also operate this account in branch.
6.4 If you operate your account online you must provide us with a valid e-mail address for each account holder.
