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).

£1,045.50

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.

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 years or older 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 statement. 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.

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. If you are transferring your Current Tax Years subscriptions, this must be done in full
• Ask for a transfer to another Coventry Building Society account or to your Named Bank Account online, by phone or by post
• Ask for a cheque by post
• 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

If you change your mind, you have a 14 day cancellation period after you make your first payment into a Four Access ISA. Day 1 starts from the day you make your first payment into the account, so if you did this on the first of the month, your cancellation period would finish on the 15th day of the month. If you wish, you may change your mind and close the ISA within 14 days and it will be treated as if you never had the ISA, so you’d still be able to pay some/all of your annual ISA allowance into another cash ISA in this tax year.

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 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.