What interest rate does the Coventry Building Society 5 Access Saver pay?

The Coventry Building Society 5 Access Saver pays 3.50% AER variable.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £350 at 3.50% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1 and up to £1,000,000.

When is interest paid?

Interest is paid annually or monthly.

Who can open this account?

New and existing Coventry Building Society customers can open it. You can open it online, in branch, by post, in the app or by phone.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other limited access accounts?

At 3.50% AER it ranks 7th of 18 limited access accounts we track. The best pays 4.25% and the average is 3.12%.

Coventry Building Society 5 Access Saver Review: 3.50% AER (Oct 2026)

Q: Can I withdraw my money?

Access: 5 free withdrawals/year, then charge.

Protection

FSCS£120,000

Min balance

£1

Max balance

£1,000,000

Access

5 free withdrawals/year, Then charge

Interest paid

Annually or Monthly

Rate Tiers

Annual interest (£0.01+)

3.50%AER

AER/Gross p.a. (Variable)

Monthly interest (£0.01+)

3.44%AER

Gross p.a. (Variable); AER 3.49%

How It Stacks Up

Ranks 7th of 18

Limited access accounts we track

Above average

This account 3.50%

UK CPI (Aug 2026): 3.10%; Pays 0.40% more
Average limited access: 3.12%; Pays 0.38% more
Best limited access: 4.25%; Pays 0.75% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare savings accounts

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: The rate is variable, so it can go down

Good to Know

You have a 14-day cooling-off period after you open a 5 Access Saver (5), where you can close your account and you won't be charged.

Please verify all details with the provider – see our Disclaimer

See all Coventry Building Society accounts

Estimated returns with Coventry Building Society's Limited Access

What you could earn with Coventry Building Society's 5 Access Saver.

Estimated interest

£1,000 saved

£35.00

At 3.5% AER

£5,000 saved

£175

At 3.5% AER

£10,000 saved

£350

At 3.5% AER

£1,000,000 saved

£35,000

At 3.5% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Coventry Building Society 5 Access Saver Review

Rate Tiers

How It Stacks Up

A Good Fit For

Worth Weighing Up

Good to Know

Estimated returns with Coventry Building Society's Limited Access

Our Expert Opinion on Coventry Building Society 5 Access Saver

Common questions about the 5 Access Saver

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