Coventry launches members bond

Coventry Building Society is launching a new Members Bond on Tuesday 11 December, the new fixed rate savings bond offers long standing customers, of five years or more, a guaranteed 6.55% AER/gross pa until 31 December 2010.

Customers can invest from £1 to £5,000 (£10,000 for joint accounts) in the new Members Bond and also have the option to receive monthly income.

Rachel Haworth, Head of Marketing at the Coventry said: “We are always looking for ways to put our members first and this is one way we reward loyalty. Existing customers who have been with us for five years can take advantage of this limited offer and fix their savings at a highly competitive rate – particularly attractive at a time when many commentators are predicting further reductions in interest rates.”

Customers can apply by visiting any branch of the Coventry, or online at thecoventry.co.uk.