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.

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).

£1,040.50

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.

Eligibility

• You must be at least 18 years old and a UK resident
• You must provide us with you National Insurance Number.

How to apply for this account

• Online
• Call us on 0800 121 8899
• By post
• Pop into a branch.

A passbook based version of this account can be opened by popping into a branch or giving us a call.

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 in a branch
• Post us a cheque
• Set up transfers from an account with another bank or building society or another account with us
• You can also transfer in current and/or previous years’ ISA savings using an ISA transfer. If you’re transferring in your current year’s savings then you must transfer all of it, as you are only able to pay into one cash ISA with us per tax year
• The minimum balance is £1
• You can pay in up to your annual ISA allowance each tax year, depending on any money you may have already paid into other types of ISA (e.g. stocks and shares). For the current tax year the ISA allowance is £20,000

This is a flexible ISA. 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.

How to take money out of your account

• Arrange an ISA Transfer to another provider, without losing the tax-free status of your savings; contact them to arrange this
• To transfer ISA funds to another Coventry Building Society ISA, without losing the tax-free status of your savings, go online, call us or pop into a branch
• 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 into your Named Bank Account online or via our app, call us or pop into a branch
• 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 or cheques at any branch.

This account is a limited issue, so we may stop accepting applications at any time. 

You can only have one 6 Access ISA (2) at a time.

^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 shows what the interest rate would be if interest was paid and added each year.