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).

£1,048.00

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.

Eligibility

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

How to apply for this account

• Online

When you apply for this account, you must provide us with a valid email address.

How to manage and keep track of your account

• Register and use Online Services
• Register and use our app.

How to put money into your account

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).

• 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 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.

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 any time. Just pop into a branch or call us and we’ll send you one by post.

This is a flexible ISA. You can take money out of your account by using Online Services or our app 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

• 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
• Pay money to another Coventry Building Society account in your name via our app
• Pay money into you Named Bank Account online or via our app.

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 (Online) (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.