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Brilliant bond from Coventry BS

Brilliant bond from Coventry BS

Category: Savings

Updated: 25/11/2010
First Published: 24/11/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Coventry BS has unveiled a one year fixed rate bond paying the cracking rate of 3.11%.

An attractive return for a short term investment, the bond should prove very popular with savers.

Adding to its appeal is the ability to make additional investments whilst the issue remains opens or for seven days after the initial investment, whichever is longer.

However, savers must be aware that, as is the case with most fixed rate bonds, there is no flexibility for withdrawals.

Four out of five Moneyfacts stars are a well deserved reward.

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