Regular saver

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Save for something special or for the future by putting some money aside every month.

Your savings are protected

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.

For further information view the FSCS protect PDF (3.7MB) or visit www.fscs.org.uk.

Regular Saver (4)

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Clear savings Ts & Cs

Regular Saver (4)

Our Regular Saver (4) is designed to let you put aside some money every month to build up a pot of savings. It's great for helping you save for something special or just for building for the future, and interest is added to the account yearly. You can access your money if you need to but there’s a charge so the account is really designed not to be dipped into until the end of the term.

Consistently great on rate

We've had a savings account in the Best Buy tables every week since January 2008.

Regular Saver accounts

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Account Details

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Need any help?

Can I transfer money from another CBS account to a Regular Saver?

Answer

No, you can only transfer money from an account with another bank or building society...

No, you can only transfer money from an account with another bank or building society. This is because Regular Saver is designed to help you build up a new savings pot.

Do I have to save every month?

Answer

Regular Saver is designed to help you put some money aside every month.

Regular Saver is designed to help you put some money aside every month. How much you save is up to you (up to the maximum limit). If you don’t put any money in during the month your interest rate won’t change.

Can I access my money?

Answer

Regular Saver isn’t designed to be accessed during the term of the account.

Regular Saver isn’t designed to be accessed during the term of the account. For your peace of mind, you can access your money if you really need to but there will be a charge equal to 30 days’ interest.

Can I add money to the account?

Answer

Yes. You can add money to your Regular Saver as often as you like.

Yes. You can add money to your Regular Saver as often as you like. For example, you can have a standing order set up to come off a current/savings account with another building society at the start of the month, and then make another payment later when you know how much money you have left over.

If I forget to pay in – can I pay in double the following month?

Answer

No. You have a monthly limit for paying in and it can’t be rolled over to the following month.

What happens if I pay in more than my monthly limit?

Answer

Any payment that takes you over the monthly limit will be returned.

If you pay in more than your limit in one payment, the whole payment will be returned.
If you add money a few times a month and one of those payments takes you over the limit, the payment that takes you over the limit will be returned.

When does a ‘month’ start?

Answer

Your month starts on the day that you open your account.

Your deposit month starts on the day that you open your account. For example, if you open an account on 25th September then you have from 25 September – 24th October to pay in your first month’s allowance. Your next month would then start on 25th October.

Can I have more than one Regular Saver?

Answer

No, you can only be named on one Regular Saver with us at a time. If your Regular Saver matures, is closed or your name is removed from it, you can be named on another one.

Home Savings Regular Saver

Coventry Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm reference number 150892). Coventry Building Society. Principal Office: Economic House, PO Box 9, High Street, Coventry CV1 5QN.

For all enquiries call 0800 121 8899

Calls to 0800 numbers are free when made from the UK. You may be charged for calls to all other numbers, please contact your service provider for further details. We may monitor, record, store and use telephone calls to help improve our service and as a record of our conversation.