Good news for savers as Coventry Building Society increases the rate on its five year Fixed Rate ISA

9 Oct, 2017

09 Oct 2017  There is further evidence that savers are starting to be offered better deals as the chance of a Bank of England base rate rise becomes more likely.

The latest snippet of positive news comes from Coventry Building Society which is giving both new and existing savers a boost by increasing the interest rate on its Fixed Rate ISA (49) from 1.80% to a market-leading 2.15% Tax-free p.a./AER.

The details are as follows:

Available for applications from today;

Fixed Rate ISA (49) 30.11.2022 paying 2.15% Tax-free p.a./AER

 Available to new and existing customers.

 Minimum balance is £1.

 2017/18 ISA allowance and transfers of previous years’ ISA funds are permitted.

 Partial withdrawals are not allowed. Closure is subject to a charge equal to 180 days’ interest.

 Interest paid annually on 30 November (added or paid away).

 This account can be operated in branch, by telephone, post, or online.

Darin Landon, Distribution Director at Coventry Building Society, said: “We’re delighted to increase the rate

on our Fixed Rate ISA (49) to offer a market-leading return for both new and existing savers. The Fixed

Rate ISA (49) is also open to transfers in of previous years’ ISA funds, to help savers make the most of

their tax-free ISA allowance”.

Customers can apply by calling the Customer Service Centre on 0800 121 8899, visiting any branch of the

Coventry or online at