Coventry BS delivers with postal account - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Coventry BS delivers with postal account

Coventry BS delivers with postal account

Category: Savings

Updated: 11/09/2009
First Published: 11/09/2009

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 It is now over 6 months old so the content may be out of date.

The 1st Class Postal account from Coventry BS makes an excellent effort at living up to its name.

Requiring a minimum investment of £1K, this no notice postal operated account pays 3.00% yearly (2.965% monthly), making it one of the leading no notice non-internet accounts around.

Despite including a bonus of 1.00% AER for the first year, the underlying rate of 2.00% remains competitive and stands up to scrutiny.

Four penalty free withdrawals are allowed per annum, with any extra subject to the loss of 50 days interest.

Ideal for those still not comfortable with the world of the internet, deposits can be made by standing order or through transfers.

Delivering on so many fronts, this product earns four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.

How to make your savings go further this year

The start of a new year is always a good time to sort out your finances, and this year, focusing on your savings should be at the top of the agenda. We’ve got a few tips and tricks to help make your savings go further in 2017.