Is Coventry Building Society Crypto-Friendly?
Yes, the Coventry Building Society is crypto-friendly. They allow their customers to trade cryptocurrencies. The society has been known to be early adopters of new technologies, so it's no surprise that they're supportive of cryptocurrencies. This makes them one of the most accommodating building societies when it comes to digital currencies.
How to buy Crypto with Coventry Building Society
The easiest way to invest in cryptocurrencies with a Coventry Building Society account is by transferring funds from your bank account or card into a Financial Conduct Authority (FCA) licensed exchange. We recommend Uphold because they are the most trusted platform in the UK with great customer support for new investors. You can get started in 4 simple steps:
- Open a free account on Uphold with your email and complete the verification requirements.
- Connect your Coventry Bank account or card by selecting the 'GBP' button on your dashboard.
- You can then select the 'connect bank' button to link your Coventry bank account to Uphold.
- Find the cryptocurrency you want to purchase and execute your trade.
Coventry Building Society Interest Rates
Coventry Building Society offers a wide range of savings accounts for ISA's, regular accounts and children's accounts. The average rate for their cash ISAs is 1.85% tax-free (variable). If you are looking for more information regarding their savings rates, you can find the right account in their savings guide.
About Coventry Building Society
Coventry Building Society is a building society in the United Kingdom, headquartered in Coventry, England. It is the second largest building society in the UK with over 4 million members and assets of over £120 billion. It has around 300 branches across England and Wales.
The Society provides a range of financial services including savings accounts, mortgages, personal loans, and business banking products and services. It also offers insurance and investment products through its subsidiary, The Coventry Insurance Services Limited.
In conclusion, although Coventry Building Society does not directly offer the ability to purchase cryptocurrency, their customers can use their bank account or society's debit card or credit card to invest in digital assets through an FCA-licensed exchange. Based on the analysis of the top platforms in the UK, Uphold was found to be the best way to get started, offering instant transfers and zero fees. The fact that Coventry Building Society is crypto-friendly makes them one of the most accommodating building societies when it comes to digital currencies.