11 Jan
Coventry Building Society Cashback Rewards

Coventry Building Society Cashback
Written By
January 11, 2024
Posted at 15:12h in Cashback, Home Blog 3 by

Coventry Building Society is pleased to offer a range of exciting cashback rewards to our valued customers. Whether you’re in the market for a mortgage or looking to grow your savings, our cashback offers provide valuable incentives that can boost your financial journey.

One of our standout rewards is the First Home Saver account, designed to help first-time buyers save for a deposit. With a competitive interest rate of 4.00%, this account offers an attractive option for those looking to step onto the property ladder. And that’s not all – upon completion of any residential Coventry Building Society mortgage, we reward our First Home Savers with a generous £500 bonus. It’s our way of supporting your dream of homeownership.

But it’s not just first-time buyers who can benefit. Relatives can also open the First Home Saver account to assist their loved ones in saving for their first home. With average UK house prices reaching £315,119, saving for a 5% deposit can be a challenge, but with our account, you can make monthly deposits of up to £1,000 for three years – a significant boost towards your savings goal.

Key Takeaways

  • Coventry Building Society offers cashback rewards for mortgages and savings accounts.
  • The First Home Saver account pays a leading rate of 4.00% for first-time buyers saving for a deposit.
  • Customers receive a £500 bonus upon completion of any residential Coventry Building Society mortgage.
  • Relatives can open the First Home Saver account to help family members save for their first home.
  • Deposits of up to £1,000 per month are allowed for three years.

Coventry Building Society’s 90% Mortgages

Coventry Building Society understands the evolving needs of customers in the housing market. With the increasing popularity of low deposit mortgages among first-time buyers, Coventry Building Society has introduced new 2-year and 3-year fixed-rate mortgage options for individuals seeking 90% mortgages.

This move aims to empower aspiring homeowners who may not have been able to amass a larger deposit. Coventry for Intermediaries, a division of Coventry Building Society, is offering these competitive mortgages, complemented by an enticing £500 cashback incentive for eligible borrowers.

Additionally, Coventry Building Society has reduced selected residential rates by up to 0.16%, providing excellent opportunities for Coventry remortgages or new property purchases in the current market.

Empower your dreams of homeownership with Coventry Building Society’s 90% mortgages, designed to make home ownership more attainable and rewarding. Take advantage of the attractive cashback offers and reduced rates to secure your place on the property ladder.

Coventry Building Society Cashback

Hargreaves Lansdown’s Cash Isa Cashback Offer

Investment platform Hargreaves Lansdown is currently running an enticing cashback offer for customers who open a new cash Isa. By taking advantage of this offer, individuals can earn a £100 cashback when opening a new Limited Access Cash Isa account with Coventry Building Society. This account offers a competitive interest rate of 3%, providing a great opportunity for savers to maximize their returns.

To be eligible for the £100 cashback bonus, customers must deposit a minimum of £10,000 into their new cash Isa account. This offer is available to both new customers and those who already hold an investment or Active Savings account with Hargreaves Lansdown. With this cashback deal, customers can enjoy the benefits of a high-interest cash Isa while also receiving a valuable bonus.

The Limited Access Cash Isa account held by Coventry Building Society provides flexibility for savers. Customers can make up to six withdrawals per year without incurring any charges, allowing them to access their funds when needed.

Key Features of Hargreaves Lansdown’s Cash Isa Cashback Offer:

  • Earn a £100 cashback when opening a new Limited Access Cash Isa account
  • Account offers a competitive 3% interest rate
  • Requires a minimum deposit of £10,000 to be eligible for the cashback bonus
  • Offer available to both new customers and existing Hargreaves Lansdown account holders
  • Limited Access Cash Isa account allows up to six withdrawals per year without any charges

This cash Isa cashback offer from Hargreaves Lansdown presents a fantastic opportunity for individuals looking to make the most of their savings. By opening a Limited Access Cash Isa account with Coventry Building Society through Hargreaves Lansdown, savers can benefit from a competitive interest rate while also receiving a generous £100 cashback bonus.

The Benefits of Limited Access Cash Isas

The Limited Access Cash Isa from Coventry Building Society offers an attractive interest rate of 3%. Savers can make up to six withdrawals per year without incurring a penalty, providing flexibility to access their funds.

This type of account is beneficial for individuals who want a higher interest rate compared to easy-access cash Isas but still want the ability to withdraw funds if needed.

The account is available to new customers and can be opened online or by telephone.

Limited Access Cash Isa
Account Interest Rate Withdrawals Opening Method
Limited Access Cash Isa 3% Up to six per year Online or telephone

Best Cash Isa Offers – New Account & Switch

When it comes to finding the best cash Isa deals, Coventry Building Society’s Limited Access Cash Isa stands out among the competition. With a competitive interest rate and attractive cashback offers, it’s a top choice for savvy savers.

While Swansea Building Society and Bath Building Society offer the highest rates at 3.25% and 3.19% respectively, they are limited to residents of specific areas. However, Coventry Building Society’s Limited Access Cash Isa still offers a competitive rate compared to the current market.

  • Swansea Building Society: 3.25%
  • Bath Building Society: 3.19%

For those looking beyond the local options, Shawbrook Bank and Cynergy Bank present compelling alternatives with rates of 3.01% and 3% respectively.

“Coventry Building Society’s Limited Access Cash Isa provides a strong option for savers who want a competitive return on their investment. With attractive rates and cashback deals, it’s a smart financial choice.” – Financial Expert

When considering switching your cash Isa, it’s essential to evaluate the benefits and rewards on offer. Hargreaves Lansdown’s cashback offer of £100 on their Limited Access Cash Isa makes it an attractive option for savers who have £10,000 to deposit.

Coventry Building Society Cashback

Conclusion

Coventry Building Society’s cashback offers provide enticing opportunities for customers looking for mortgages and savings accounts. The First Home Saver account is designed to assist first-time buyers in saving for a deposit, with a competitive interest rate of 4.00% and a £500 bonus upon completion of a residential mortgage. This account allows relatives to open it, further helping families save for their first home. The 90% mortgages offered by Coventry Building Society cater to the growing trend of low deposit mortgages, empowering individuals who may not have been able to afford a higher deposit. With an attractive £500 cashback incentive, eligible borrowers can take advantage of these mortgage options.

In addition to Coventry Building Society, Hargreaves Lansdown also provides a valuable incentive for savers with their cashback offer on the Limited Access Cash Isa. By opening this account held by Coventry Building Society, customers can earn a £100 cashback when they deposit at least £10,000. With an interest rate of 3%, limited access, and the flexibility to make up to six withdrawals per year, this cash Isa provides a convenient way to grow savings. These cashback rewards not only add value to Coventry Building Society’s offerings but also offer financial benefits to customers.

Whether you’re a first-time buyer looking to save for a deposit or a saver searching for a rewarding cash Isa, Coventry Building Society’s cashback offers have you covered. With competitive interest rates, attractive bonuses, and valuable incentives, Coventry Building Society provides enticing opportunities for customers to reach their financial goals. Explore Coventry Building Society’s mortgage and savings products today to make the most of these enticing cashback rewards.

FAQ

What is the Coventry Building Society Cashback Rewards program?

The Coventry Building Society Cashback Rewards program is a scheme that offers various cashback incentives to customers. These rewards are available for individuals looking for mortgages, savings products, and more.

What is the First Home Saver account?

The First Home Saver account is a savings account offered by Coventry Building Society. It is specifically designed for first-time buyers who are saving for a deposit on their first home. The account pays a leading interest rate of 4.00% and provides a £500 bonus when the first-time buyer completes on any residential Coventry Building Society mortgage.

Can relatives open the First Home Saver account on behalf of a family member?

Yes, relatives can open the First Home Saver account to help a family member save for their first home deposit.

What is the deposit limit for the First Home Saver account?

The First Home Saver account allows deposits of up to £1,000 per month for a period of three years.

What are Coventry Building Society’s 90% mortgages?

Coventry Building Society has introduced new 2-year and 3-year fixed-rate mortgage options for customers seeking 90% mortgages. These mortgages are aimed at individuals who may not have a high deposit and offer an attractive cashback incentive of £500 for eligible borrowers.

What is the Limited Access Cash Isa account?

The Limited Access Cash Isa account is a cash Isa account offered by Coventry Building Society and held by Hargreaves Lansdown. It pays an interest rate of 3% and is eligible for a £100 cashback bonus. The account allows up to six withdrawals per year without a charge.

Who is eligible for the cashback bonus on the Limited Access Cash Isa account?

The cashback bonus of £100 on the Limited Access Cash Isa account is available to new customers or those who already hold an investment or Active Savings account with Hargreaves Lansdown. Customers must deposit at least £10,000 to be eligible for the bonus.

What are the benefits of the Limited Access Cash Isas?

The Limited Access Cash Isas from Coventry Building Society offer an attractive interest rate of 3% and provide flexibility with up to six withdrawals per year without a penalty. This type of account is beneficial for individuals who want a higher interest rate compared to easy-access cash Isas but still want the ability to access their funds if needed.

What are some of the best cash Isa offers currently in the market?

Some of the best cash Isa offers currently available in the market include Swansea Building Society and Bath Building Society, which offer rates of 3.25% and 3.19% respectively. However, these rates are only available to residents of specific areas. Other competitive options include Shawbrook Bank and Cynergy Bank, which offer rates of 3.01% and 3% respectively. Hargreaves Lansdown’s cashback offer of £100 on their Limited Access Cash Isa also makes it an attractive option for savers with a deposit of at least £10,000.

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