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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.