What interest rate does the Coventry Building Society Easy Access ISA pay?

The Coventry Building Society Easy Access ISA pays 2.00% AER variable.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £200 at 2.00% 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 £20,000.

Can I withdraw my money?

Yes. Withdrawals are unlimited, no charge (flexible isa).

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.

Can I transfer an existing ISA in?

Yes, transfers in from other ISAs are accepted.

How does it compare with other instant access cash ISAs?

At 2.00% AER it ranks 86th of 115 instant access cash ISAs we track. The best pays 4.87% and the average is 2.94%.

Coventry Building Society Easy Access ISA Review: 2.00% AER (Oct 2026)

Protection

FSCS£120,000

Min balance

£1

Max balance

£20,000

Access

Unlimited, No charge (flexible ISA)

Interest paid

Annually or Monthly

Transfers in

Accepted

How It Stacks Up

Ranks 86th of 115

Instant access cash ISAs we track

Well below average

This account 2.00%

UK CPI (Aug 2026): 3.10%; Pays 1.10% less
Average instant access cash ISA: 2.94%; Pays 0.94% less
Best instant access cash ISA: 4.87%; Pays 2.87% less

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

A better-paying alternative

Trading 212

Cash ISA

4.64%

AER

Pays 2.64% more than this Coventry Building Society account
Includes a 1.04% bonus for 12 months, then 3.60%

Compare Cash ISAs

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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

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Estimated returns with Coventry Building Society's Cash ISA

What you could earn with Coventry Building Society's Easy Access ISA.

Estimated interest

£1,000 saved

£20.00

At 2% AER

£5,000 saved

£100

At 2% AER

£10,000 saved

£200

At 2% AER

£20,000 saved

£400

At 2% 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.

Common questions about the Easy Access ISA

Coventry Building Society Easy Access ISA Review

How It Stacks Up

A Good Fit For

Worth Weighing Up

Estimated returns with Coventry Building Society's Cash ISA

Our Expert Opinion on Coventry Building Society Easy Access ISA

2 alternatives to Coventry Building Society's Easy Access ISA3 alternatives to Coventry Building Society's Easy Access ISA

Common questions about the Easy Access ISA

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