Fix it with Coventry BS - Savings - News - Moneyfacts


Fix it with Coventry BS

Fix it with Coventry BS

Category: Savings

Updated: 09/02/2010
First Published: 03/02/2010

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 It is now over 6 months old so the content may be out of date.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 re-entered the fixed rate bond market with a cracking rate for savers.

The Fixed Bond is a two year product maturing on 31.08.12 which pays a yearly rate of 4.25% (4.17% monthly) on a minimum investment of £1.

No early access is permitted, although additions are allowed whilst the issue remains open or for seven days after the initial investment, whichever is longer.

This rate is equal to market leading offer in the two year arena and sits just below the leading three year deals.

Investors must ensure they can commit to funds from the outset, but the low minimum investment and possibility for additions adds to the product's appeal.

Rachel Haworth, head of marketing at the Coventry said: "Everyone wants the best return possible on their savings and we are confident that our new fixed bond with a highly competitive rate of 4.25% will be very popular with savers."

Four out of five Moneyfacts stars have been awarded.

Find the best savings accounts for you - medium term fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

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