Regular Saver

Coventry Building Society Regular Saver Review

A regular saver from Coventry Building Society, letting you save up to £500 a month for 1 year. It ranks 43rd of 50 regular savers we track.

Variable rate · 1 year

4.00%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Monthly limit

£500

Max balance

No limit

Access

Charge equal to 30 days interest for early access

Interest paid

Annually

How It Stacks Up

Ranks 43rd of 50

Regular savers we track

Well below average
This account 4.00%
UK CPI (Aug 2026)
3.10%
Pays 0.90% more
Average regular saver
5.03%
Pays 1.03% less
Best regular saver
8.00%
Pays 4.00% less

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

Compare regular savers

A Good Fit For

  • Pro: New and existing savers
  • Pro: People who can save a set amount each month

Worth Weighing Up

  • Con: The rate is variable, so it can go down
  • Con: You can only pay in up to £500 a month

Good to Know

Pay in up to £500/month.

Please verify all details with the provider – see our Disclaimer

See all Coventry Building Society accounts

Estimated returns with Coventry Building Society's Regular Saver

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

Estimated interest

£50 a month

£13

At 4% AER

£100 a month

£26

At 4% AER

£250 a month

£65

At 4% AER

£500 a month

£130

At 4% AER

Estimated over one year, if the rate stays the same and interest is left in. Assumes you pay in that amount every month for the full term.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Coventry Building Society Regular Saver

Jan WatermannCo-Founder, DepositScout

Coventry Building Society's Regular Saver pays 4.00%, which is below the market average for regular savers and sits 4.00% behind the category leader at 8.00%, so this is not a rate I would pick without a good reason. It does beat August 2026 CPI of 3.1% by 0.90%, which at least means your money grows in real terms. The cap of £500 a month limits how much you can actually benefit, and early access carries a charge equal to 30 days interest on the amount withdrawn. If you want to stay with Coventry, their First Home Saver at 4.25% edges this out.

Compare Regular Savers

2 alternatives to Coventry Building Society's Regular Saver

Same type of account, closest on rate.

Common questions about the Regular Saver

D

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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