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).

£1,043.00

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 to open and manage

• Online
• Call 0800 121 8899
• By post
• Pop into a branch (to manage your account this way, you’ll need to ask us for a passbook. A passbook based version of this account can be opened by visiting a branch)
• You must be aged 18 or over and a UK resident
• You'll need to provide your National Insurance number to open this account

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. To do this you will need the last 8 digits of your account number and sort code 40-63-01
• You can transfer in current and/or previous years’ ISA savings using an ISA transfer. If you’re transferring in your current years’ savings, then you must transfer all of it
• 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 annual ISA allowance is £20,000

How to keep track of your account

If you don’t have a passbook (or you have one but don’t keep it updated), you’ll get a statement within a month of any money leaving your account. We won’t send more than one a month.

If you have a passbook and keep it updated, there’s no need for statements.

You can get statements by post, or go paperless if you use Online Services.

This is a flexible ISA. You can take money out of your account up to four times a year without having to pay a charge. From the fifth 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

• ISA transfer to another Coventry Building Society ISA or to another ISA provider, without losing your tax-free status
• Ask for a transfer to another Coventry Building Society account or to your Named Bank Account, online or by phone
• Request cheques by post
• If you choose to have a passbook, you’ll also be able to take money out by cash and by cheque at a branch, and transfer to any other UK-based account

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.

This account is a limited issue, so we may stop accepting applications at any time. You can only have one Four Access ISA (2) at a time.

* AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.