Coventry First is the real advantage

No hidden catches, no complicated tiers paying minimal interest, no unwanted connected accounts - simply a competitive rate on every single pound.

That's what you get here at the Coventry, with Coventry First, a combined current and savings account.

Rachel Haworth, Head of Marketing at the Coventry, says: "The Office of Fair Trading recently reported that banks make £4.1bn a year by lending out the money in people's current accounts. And they do this by offering miserly interest or fooling customers with complicated accounts that don't deliver on the headline promises.

"Coventry First offers the same great rate on your entire balance from £1 to £250,000. It pays a competitive 5.60% (AER variable), this rate includes a bonus of 0.85% (AER) and is guaranteed to be 0.60% (AER) above Bank of England base rate for the first year from opening. In the second year it pays a minimum of 4.75% (AER variable). The account gives certainty and peace of mind to people who want to earn a good rate of interest without having to micro-manage their money. And with a free £250 overdraft, Coventry First doesn't penalise the odd overspend.

"In our experience, September is a time when many people consider switching their current account. With this in mind I would urge everyone to check the small print of what is on offer and move their account to make the very best of their money."

Further endorsement has recently been provided by Andrew Hagger, Head of PR at Moneynet.co.uk, he says: "Coventry's First account stands out in a very competitive marketplace when it comes to getting a good deal on your current account credit balance. Even when the introductory bonus expires after the first year, it is still one of the top two accounts for balances up to £2,500, and for sums above this all too common threshold, it's pretty much in a league of its own.

"The First account offers a combination of no nonsense good value and flexibility and, unlike offers from some of the bigger high street players, it doesn't have any ‘nasties' hidden in the small print."