Your eligible deposits with Coventry Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
For joint accounts eligible deposits are protected up to £170,000.
Since 2008, we’ve been proud partners of The Royal British Legion.
Some Poppy Appeal collectors, like our local friend Derrick, need to stay at home this year to be safe. So it’s our turn to spread the word and make sure that nobody forgets the importance of supporting the Poppy Appeal. There are new ways (including virtual) to donate. Our Armed Forces community of yesterday and today need us to remember them.
We've designed our competitive Poppy Fixed ISA (3) so that you can save your current annual ISA allowance of up to £20,000. And you can also transfer in some or all of your previous years' ISA savings. You'll earn a fixed rate of interest, tax-free, until 30 November 2023 and you'll be helping us to help The Royal British Legion.
(Fixed until 30.11.2023)
The interest rate is fixed until 30.11.2023
We calculate the interest daily and pay it annually, at the end of 30 November. Interest can be added to the account or paid into another suitable account.
The interest rate is fixed.
No matter what happens to interest rates generally, we won't change the rate for this account until it matures at the end of 30 November 2023.
This would be the balance after 37 months if £1,000 was paid in on 1 November 2020, all interest was paid back into the account, 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 to open and manage
You must be aged 18 or over and a UK resident to open this statement-based account
How to put money into your account
You may pay up to £20,000 into this ISA in the current tax year. This is your annual ISA allowance. You won't be able to pay in more money in future tax years.
You may pay in money to this account, up to your annual ISA allowance, depending on how much money you have already paid into other types of ISA (e.g. stocks and shares).
You can't take out part of the money
You can close the ISA and keep the money tax-free by moving the money to another ISA with us or another provider, using an ISA transfer. You can also move the money to another Coventry Building Society account, or to your Named Bank Account, but in that case it will lose its tax-free status.
What happens when the ISA's fixed period ends (matures)
Poppy Fixed ISA (3) is not a flexible ISA
After you've opened the account, we won't contact you to let you know when it closes to new investors. To find out if it's still available, please contact us.
Our donation to The Royal British Legion (Registered Charity no. 219279) will be equal to 0.15% of the total balances invested in Poppy Fixed ISA (3) 30.11.2023 as at the end of business on 31 December 2020.
The Royal British Legion will donate a percentage of the donation value to Poppyscotland (Scottish Charity No. SC014096), to reflect the percentage of all Society 'Poppy' accounts held by customers with a Scottish address.
Interest on ISAs is paid tax-free, that is without tax deducted. ISAs are a savings scheme initiated by the Government and are subject to change by them. For example the favourable tax treatment may not be maintained.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
For full details, please see the Specific Terms for Poppy Fixed ISA (3) and our Saving Accounts Terms and Conditions.
The Royal British Legion is independent of Coventry Building Society and does not endorse or recommend the specific products promoted by Coventry Building Society. You should consider the suitability of products before purchasing and, if necessary, seek appropriate advice regarding your personal circumstances.
How to keep track of your account
We'll issue you with a statement within a month of any money leaving your account. But don't worry, we'll never send you more than one statement a month. You can receive your statements by post. Or, if you use Online Services, you can go paperless and we'll send you reminders to view your statements.
If you change your mind
You have a 14 day cancellation period after you make your first payment into a Poppy Fixed ISA (3). If you wish, you may change your mind and close the account within 14 days without notice, charge or loss of interest.
To do this, ask at any branch, call us on 0800 121 8899 or write to us at Oakfield House, PO Box 600, Binley Business Park, Coventry CV3 9YR.
If you do close the account within the 14 days, it will be treated as if this ISA was never opened, so you'd still be able to pay some/all of your annual ISA allowance into another cash ISA in the same tax year.
Not sure what to do?
We're keen to help you make the right choice - have a chat with our specialists at any branch or by calling 0800 121 8899.
If you’re not happy with our service
Please let us know. We take care to deal with problems quickly, thoroughly and fairly. You can ask us for a copy of our leaflet 'What to do if you have a complaint' which explains the steps we follow when someone reports a problem. If you’re still not satisfied when we’ve finished our complaints procedure, you can take your complaint to the Financial Ombudsman Service. For more information about the Ombudsman Service, visit their website: financial-ombudsman.org.uk.
We believe in being open and honest. We want you to make an informed choice. That’s why we've built this tool to help you compare our accounts with other providers.
This tool uses the latest data from moneyfacts.co.uk, an independent comparison service. Moneyfacts aim to include at least 95% of providers of UK-based personal savings accounts.
What’s missing? Our tool omits any accounts with special conditions for opening (for example, you have to already hold an account with the provider).
Remember: there’s more to a savings account than just the interest rate. You can compare access terms, how to pay in and other criteria – then make your own mind up.