Coventry Building Society Monthly Saver
Compare the Coventry Building Society Monthly Saver with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Coventry Building Society Monthly Saver details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Coventry Building Society www.thecoventry.co.uk | ||
| Product: | Monthly Saver | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Regular Saver | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 2.35% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | no | ||
| Minimum Age: | No minimum age required. | ||
| Restricted Availability: | Regular monthly payments must be made into this account. The minimum monthly payment is £10. The maximum monthly payment is £250. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Minimum Investment: | 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 | ||
| Maximum Investment: | Maximum investment on this account is £9000 | ||
| Minimum Balance: | The minimum balance is £10. | ||
| Monthly Minimum: | 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 | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | A bonus of 2.00% is payable. | ||
| Bonus Payment Conditions: | Bonus Conditions - The rate includes a bonus of 2.00% providing 10 or more credits have been received in an account year. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £10 2.35% 2.35% 2.35% | ||
| Fixed Term: | The account has a fixed term of 3 years | ||
| Term Period: | The term of the account is 36 months. | ||
| Interest Payment Freq: | Interest is paid annually. | ||
| Managing Account | |||
| Passbook: | A passbook is provided. | ||
| Transactions at Branch: | Initial deposit only, then either international transfer or standing order. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions by phone are not allowed. | ||
| Transactions by Internet: | Transactions by internet are not allowed. | ||
| Transactions by Post: | Initial deposit only, then either international transfer or standing order. | ||
| Special Access: | No withdrawals permitted during term of account. Early closure subject to a penalty of 90 days interest on the closing balance. | ||
| Withdrawal Conditions: | Withdrawal Conditions - No withdrawals permitted during term of account. This account may be closed before the end of the 3 year term subject to a penalty of 90 days interest on the closing balance. | ||
| Fees & Charges | |||
| Withdrawal Notice: | No withdrawals permitted during term. | ||
| Compare | |||
| Products: | www.coventrybuildingsociety.co.uk Savings | ||
