Coventry Launches Fixed Rate ISA Paying a (1)Best Buy Rate of 2.75% Tax-free p.a./AER

Marketwired

LONDON, UNITED KINGDOM--(Marketwired - Oct 4, 2013) - Coventry Building Society is delighted to launch a medium term fixed rate Cash ISA, paying a best buy rate of 2.75% Tax-free p.a. /AER until 31st May 2017. Available from Friday 4th October;

Fixed Rate ISA (19) 31.05.2017 paying 2.75% Tax-free p.a. /AER

  • Available to new and existing customers.
  • Full £5,760 subscription for 2013/2014 only (minimum & maximum deposit is £5,760)
  • Transfers of previous years' Cash ISA funds are not permitted.
  • No partial withdrawals permitted. Closure withdrawals are subject to a charge equal to 120 days' interest
  • Interest paid annually on 31st May (added or paid away)
  • The account is operated by telephone. Customers may also choose to operate the account in branch, by post or online.

Colin Franklin, Sales and Marketing Director at Coventry Building Society, said: "This is a difficult market for savers. However, we remain committed to paying the best rates possible to our members, so we are delighted to be launching yet another best buy savings product. This fixed rate Cash ISA is ideal for savers looking for a best buy return on their savings during the current low rate environment."

Customers can apply by calling the Customer Service Centre on 0845 7665522, visiting any branch of the Coventry or online at thecoventry.co.uk.

Notes to Editors

Coventry Building Society is the third largest building society in the UK with assets exceeding £26.9 billion.

The Customer Service Centre is open Monday to Friday 8am - 8pm, Saturday 9am - 5pm and Sunday 10am - 4pm. Telephone self- service is available 24 hours a day, 365 days a year. Call costs may vary, please contact the service provider for details of call charges. To maintain a quality service, calls made to and from the Society may be monitored and recorded.

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. Cash ISAs allow you to save tax-free, so your interest is paid gross with no tax deducted. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Information correct at time of sending.

Please note that if you deposit into your new Cash ISA in the 2013/2014 tax year you will not be able to subscribe to another Cash ISA in the same tax year. You must not subscribe more than £11,520 in total to ISAs in the 2013/2014 tax year, of which up to £5,760 can be held in a Cash ISA.

Fixed Rate ISA (19) 31.05.2017
Annual (only)
Balance Tax-free p.a. /AER Net p.a.
£5,760 only 2.75% N/A
  • Available to new and existing customers
  • Full £5,760 Cash ISA subscription for 2013/2014 only (minimum & maximum deposit is £5,760)
  • No transfer of previous years ISA funds allowed
  • Transfer in of full 2013/2014 tax year allowance permitted
  • No partial withdrawals permitted. Closure withdrawals are subject to a charge equal to 120 days' interest
  • Interest paid annually on 31st May (added or paid away)
  • The account is operated by telephone. Customers may also choose to operate the account in branch, by post or online.
  • Deposits can be made by:
    • Electronic payment from a bank/building society
    • Transfer from another Coventry account
    • Cash at a branch. Cheque at a branch or by post to our central processing centre.
  • Customers may apply:
    • Over the telephone on 08457 665522
    • Online at thecoventry.co.uk
    • In any of our branches
    • By post

1 Source: Moneyfacts 03/10/2013. Fixed Rate ISA's up to four years in duration.

Contact:
The press office
0870 607 7727
media@thecoventry.co.uk
www.thecoventry.co.uk

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