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Featured - ISA allowance
What is the 2024/25 ISA allowance?A new tax-year means a refreshed ISA allowance to allocate. Find out more about the 2024/25 ISA allowance...
Savings
ISAs
Mortgages
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Featured - The triple lock explained
Could the value of your state pension rise by more than inflation?
Retirement
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
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Latest news - by category
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The building society’s latest launches include top rates for the one, two and three year fixed rate charts.
Coventry Building Society (BS) launched eight new accounts today, including market-leading offers for its one, two and three year fixed ISAs.
The Fixed Rate ISA (197) 30.11.2023, which is a one year fixed ISA, offers a rate of 3.95% AER. Meanwhile, the Fixed Rate ISA (198) 30.11.2024, which is a two year fixed ISA, offers 4.35% AER.
The Fixed Rate ISA (199) 30.11.25 is a three year fixed deal and has set its rate at 4.40% AER.
“Our range of fixed ISAs and bonds provide choices for people who are comfortable fixing their savings for up to three years,” said Matthew Carter, Head of Savings at Coventry BS.
He explained that fixed rate accounts are popular because they're ideal for savers looking to lock in their money at a higher rate for an extended period.
The Fixed Rate ISA (197) 30.11.23 leads the one year chart by 0.10 percentage points, with the next best rate coming from Virgin Money.
On the two year chart, the Fixed Rate ISA (198) 30.11.2024 shares its market-leading position with Saffron BS, which was mentioned in yesterday’s ISA roundup.
Compared to its one year deal, the Fixed Rate ISA (199) 30.11.25 tops its table by a much smaller margin of 0.05 percentage points.
Virgin Money is the next best provider on this chart too.
All three accounts calculate interest daily and pay it monthly or yearly.
You'll need a minimum opening deposit of a single pound which can be added to for 14 days from the date of your application or while the issue remains open, whichever is longer.
Withdrawals are allowed but will face different penalties. The one year bond will face a 120-day loss of interest and account closure while the two and three year offers can expect a harsher 180-day loss of interest and account closure.
Whatever bond is chosen, you’ll open your account online, via the telephone, post or branch. Managing these accounts can be done via the same means.
Coventry BS also launched three fixed rate bonds and two variable accounts today.
None of these offers are market-leading, so to compare each individual offer consider visiting their respective charts.
The two variable accounts come in the form of an easy access account paying 1.85% AER, and a limited access account paying 2.25% AER. The difference between these two comes in the form of the withdrawal process, with the limited access account only allowing six penalty-free withdrawals a year, with any further withdrawals subject to 50 days’ loss of interest.
In addition, if you open any account with Coventry BS before 17 November it will donate £5 to the Royal British Legion, a charity for the UK’s war veterans.
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Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
New leading three- and five-year bonds as other top rates remain stable.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a five-year bond from GB Bank and a two-year fixed rate mortgage from first direct.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.
No change in top variable rates, as best fixed returns fluctuate.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
New leading three- and five-year bonds as other top rates remain stable.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a five-year bond from GB Bank and a two-year fixed rate mortgage from first direct.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.
No change in top variable rates, as best fixed returns fluctuate.
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