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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.