Protection
FSCS£120,000
Min balance
£1
Max balance
£20,000
Access
6 free withdrawals/year, Then charged.
Interest paid
Annually or Monthly
Transfers in
Accepted
How It Stacks Up
Ranks 44th of 47
1-year cash ISAs we track
This account 3.60%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.50% more
- Average 1-year cash ISA
- 4.37%
- Pays 0.77% less
- Best 1-year cash ISA
- 4.92%
- Pays 1.32% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
How Interest Is Paid
You choose how often interest is paid: annually or monthly. You earn the same 3.60% AER either way.
Paid annually
3.60%AER
Paid monthly
3.54%gross
The monthly rate is a little lower because interest reaches you sooner. Over a year it adds up to the same.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want a monthly income
- Pro: Flexible: take money out and put it back in the same tax year without using more allowance
Worth Weighing Up
- Con: The rate is variable, so it can go down
Please verify all details with the provider – see our Disclaimer
See all Coventry Building Society accounts
