Coventry Building Society Monthly Saver
Full product details for the Coventry Building Society Monthly Saver savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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Coventry Building Society Monthly Saver Features & Benefits
| Account Type | Regular Saver | |
| Account Term | 3 years | The term of the account is 36 months. |
| Rate Type | variable | The type of interest rate is variable. |
| Headline Interest Rate | 1% | The headline interest rate is 1.00% AER. |
| Headline Interest Balance | £10 | 10 |
| Minimum Monthly Investment | £10 | The minimum investment for monthly credits is £10 per month The amount of the regular monthly credit must be paid by standing order and must be for the same amount as the initial investment. Account holders may alter this amount one a year on the account anniversary date |
| Online Access | no | Transactions by internet are not allowed. |
| Branch Access | yes | Initial deposit only, then either international transfer or standing order. |
| Phone Access | no | Transactions by phone are not allowed. |
| Introductory Bonus | 0% | No introductory bonus payable. |
| Withdrawal Notice | term | No withdrawals permitted during term. |
| Minimum Initial Investment | £10 | The minimum investment to open this account is £10 The opening deposit must be by cash or cheque and the customer must then set up a standing order for the same amount as the initial investment |
| Minimum Number of Payments | 10 | The minimum number of payments required to receive the cited interest rate is 10 |
| Availability | restricted | Regular monthly payments must be made into this account. The minimum monthly payment is £10. The maximum monthly payment is £250. |
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