We calculate the interest daily and pay it annually, on the anniversary of the date you opened the account.

Interest will be added to the 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).

£1,841.93

This would be the balance after 12 months if £150 was paid in on 1 October 2025 and on the first of each month from then on, all interest is paid back into the account at the end of 12 months, there was no change to the interest rate and no money was taken out during the year.

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 18 or over to open this account.

How to apply for this account

• Online 
• Call us on 0800 121 8899
• Via our app (sole accounts only)
• By post
• Pop into a branch.

Joint accounts applied for online or by phone will need an application form sending via post for you to complete.

How to manage and keep track of your account

• Register and use Online Services
• Register and use our app
• By post
• Call us on 0800 121 8899.

How to put money into your account

• Each calendar month you can pay in as many times as you like, up to a maximum of £150. 
• If a payment takes you over the £150 monthly limit, the whole payment will be returned to you. 
• You can pay in at any time but for it to count towards that calendar month’s allowance it has to arrive before the last day of the month, so we recommend you send any money to us at least a few days before the end of the month. Any money that arrives after the end of the month will be counted towards your next calendar month’s allowance.

You can...

• Set up regular transfers or standing orders from an account with another bank or building society or another account with us
• Pay in cash or cheques in a branch
• Post us a cheque.

The minimum balance is £1.

This is an easy access account, so you can take money out at any time.

How to take money out of your account

• Pay money to another Coventry Building Society account, to your Named Bank Account online, or you can call us
• Pay money to another Coventry Building Society account in your name or to your Named Bank Account via our app
• Request cheques by post.

If you take money out, you can still only pay in up to £150 per month. For example, if you take out £50, you can still only pay in your £150 monthly allowance; you can’t replace the £50 as well.

What happens at the end of 12 months? 

At the end of 12 months, on the anniversary of account opening, your account will transfer to an Easy Access Saver (Maturity) – an account which allows unlimited withdrawals without charge. Easy Access Saver (Maturity) will pay a lower interest rate than Sunny Day Saver (2). 

The interest rate on our Easy Access Saver (Maturity) is variable – this means we can change it and it can go up or down. We’ll write to you closer to the time to confirm your new rate. If you would like to see what rate Easy Access Saver (Maturity) pays now, you can:

• Visit Closed Accounts
• Call us on 0800 121 8899
• Ask us in any branch.

You’ll be able to keep saving and your account number won’t change. You’ll also have the option to take some or all of your money out or close your new account. We’ll send you a reminder and full details of the options available to you at least 14 days before the account transfers. If you take no action your account will become an Easy Access Saver (Maturity). 

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

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

This account is a limited issue, so we may stop accepting applications at any time. You can only be named on one Sunny Day Saver (2), whether the account is opened in sole or joint names. Any additional Sunny Day Saver (2) accounts opened in your name will be closed.

If you open a Sunny Day Saver (2) and then change your mind, you can close it anytime.

Sunny Day Saver (2) Prize Draws

We will hold 11 Monthly Prize Draws during the 12 month term of this account; the first Monthly Prize Draw will be held on 17 October 2025. All future Monthly Prize Draws will be held during the second week of each calendar month. Winners will be notified by email or telephone. 

There will be 10 winners for each Monthly Prize Draw and the cash prize will be paid into the winners’ Sunny Day Saver (2) account. The prize values are:

• 1st Prize - £500 (1 winner)
• 2nd Prize - £200 (3 winners)
• 3rd Prize - £50 (6 winners)

There will be an Additional Prize Draw which will be held on 14 August 2026.

There will be 5 winners for the Additional Prize Draw and the cash prize will be paid into the winners' Sunny Day Saver (2) account. The prize values are:

• 1st Prize - £5,000 (1 winner)
• 2nd Prize - £2,500 (1 winner)
• 3rd Prize - £500 (2 winners)
• 4th Prize - £250 (1 winner)

Winning one of the cash prizes will not affect the amount you can pay in each month; you can still pay in up to £150 per calendar month, even if you win one of the cash prizes.

The cash prize is paid tax-free; if you win a cash prize you are responsible for any individual tax liabilities.

Eligibility

• You must be a UK resident on the date of the relevant prize draw 
• You must be named on a Sunny Day Saver (2) at the time of the prize draw (either as sole or joint account holder)
• To enter the Monthly Prize Draw, you must have saved in at least £10 to your Sunny Day Saver (2) within the calendar month preceding the monthly prize draw date
• To enter the Additional Prize Draw, you must have qualified for all 11 Monthly Prize Draws by saving at least £10 to your Sunny Day Saver (2) in the preceding calendar months.

Each account that is eligible will receive one entry to each prize draw.

Exclusions

Accounts held by any of the following will not be eligible for inclusion in the prize draws:

• Employees and contractors of the Coventry Group
• Members aged under 18.

We will automatically enter eligible Sunny Day Saver (2) accounts into the Monthly Prize Draws and the Additional Prize Draw; if you want your account to be excluded from the prize draws, you’ll need to let us know. 

More information and full competition terms and conditions can be found in the Specific Terms for Sunny Day Saver (2); you can also call us on 0800 121 8899, or visit a branch.