Account Summary - Limited Access Saver (Online)

Effective from 2nd December 2024

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).

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

- Visit thecoventry.co.uk
- 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.

- Pay in cash or cheques in a branch (please check branch opening hours on our website 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.

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 anytime. Just pop into a branch or call us and we'll send you one by post.

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.

- Transfer to another Coventry Building Society account or to your Named Bank Account online

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.