Coventry gives silver savers reason for cheer - Savings - News - Moneyfacts


Coventry gives silver savers reason for cheer

Coventry gives silver savers reason for cheer

Category: Savings

Updated: 07/07/2009
First Published: 06/07/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Coventry BS has given silver savers throughout the country reason to cheer with the relaunch of its popular 50 plus eSave account.

The no notice internet account, which is available to those aged 50 and over, pays a yearly rate of 3.25% (3.20% monthly) on a minimum investment of £1.

The rate is fixed for the first year, after which it is guaranteed to equal the base rate of interest. The account has a maximum investment cap of £250K.

This account leads the way in the 50 Plus field and sits just below the top internet accounts available to everyone.

Clients should bear the likely rate drop after the first year when the fixed period ends.

The 50 Plus eSave has been awarded 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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!