Please read the following important information, then click 'Apply now' at the bottom of the page to complete your application.

Account Summary - 4 Access Saver - 1 Year - Statement

What is the interest rate?
Effective from 20th January 2026
Annual InterestMonthly Interest
BalanceAER*/gross p.a.AER*Gross p.a.
£0.01 plus4.15%4.15%4.07%
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?
£1,041.50

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.
How do I open and manage my account?
Eligibility

- You must be aged 16 or over to open a statement-based version of this account.
How to apply for this account

- Visit our website thecoventry.co.uk
Register and use our Online Services
- Download our app
- Call us on 0800 121 8899
- Visit one of our branches
- Write to us at Oakfield House, PO Box 600, Binley, Coventry CV3 9YR.
If you would like a passbook or if you're under 16, you'll need to pop into a branch or give us a call.
Joint accounts

If you apply for a joint account online or by phone, we'll send you an application form in the post for you to fill in and return.
How to manage and keep track of your account

- Register and use Online Services
- Register and use our app
- Call us on 0800 121 8899
- If you have a passbook, pop into a branch.
How to put money into your account

- Pay in cash or cheques at a branch
- 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 £1,000,000.
Can I withdraw money?
This is a limited access account. You can take money out of your account up to four times without having to pay a charge. From the fifth withdrawal onwards (which can include closure), you'll receive a charge equal to 50 calendar 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. If you haven’t earned enough interest to cover this charge, some of it will come out of your original deposit(s).
How to take money out of your account

- Pay money to another Coventry Building Society account online, call us or pop into a branch
- Pay money to another Coventry Building Society account in your name via our app
- Pay money to your Named Bank account online or via our app, call us or pop into a branch
- Request cheques by post
- If you have a passbook, you can request a transfer to another account with us or any UK-based account in branch, online, by phone or by post. You can also ask for cash and cheques at any branch.
What happens at the end of 12 months?

At the end of 12 months, on the anniversary of account opening, your account will transfer to an Easy Access Saver (Maturity) – an account which allows unlimited withdrawals without charge. Easy Access Saver (Maturity) will pay a lower rate than 4 Access Saver - 1 Year.
The interest rate on our Easy Access Saver (Maturity) is variable – this means we can change it and it can go up or down. We’ll write to you closer to the time to confirm your new rate. If you would like to see what rate Easy Access Saver (Maturity) pays now, you can:
- Call us on 0800 121 8899
- Ask us in any branch.
You’ll be able to keep saving and your account number won’t change. You’ll also have the option to take some or all of your money out or close your new account. We’ll send you a reminder and full details of the options available to you at least 14 days before the account transfers. If you take no action your account will become an Easy Access Saver (Maturity).
Additional Information
This is a limited issue account, 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 shows what the interest rate would be if interest was paid and added each year.
Ready to open an account?
4 Access Saver - 1 Year - Statement