Coventry Loyalty Seasonal Saver (NLA) withdrawals now penalty-free

david72

If you have an existing Coventry Loyalty Seasonal Saver account (NLA), withdrawals are now penalty-free from today (prior to today any withdrawals would have cost you 30 calendar days interest on the amount withdrawn).

https://web.archive.org/web/20250115162036/https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/loyalty-seasonal-saver.html

As the interest rate of this account is no longer particularly competitive (down to 5.25% AER), keen regular savers may wish to start using this account to trickle feed into better paying regular saver accounts from now.

(Posted as a new thread for visibility as I'm finding the regular saver thread too busy at present to be able to read everything there!)

Hattie627

Many thanks for this reminder. I knew there was a point in time before maturity (22nd December for me) when withdrawals were due to become penalty-free but had forgotten the precise date. I've got everything covered for the November RS deposits but I may need to close this Coventry one at the end of November to help with the December payments.