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 Savings Account Terms and Conditions booklet (section 4).

£1,029.50

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 aged 16 or over to open this account.

How to apply for this account

• Online.

Joint accounts can be applied for online and we’ll post the application form to you for completion.

When you apply for the 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
• Call us on 0800 121 8899.

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.
• The minimum balance is £1.
• The maximum balance is £250,000.

We’ll email you with 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 an easy access account, so you can take out money whenever you wish by logging into Online Services.

How to take money out of your account

• 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 to your Named Bank Account online or via our app.

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

We pay your interest gross. The gross rate is the interest payable before the deduction of tax.

If you open an Easy Access (Online) (6) and then change your mind, you can close it anytime.

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