Coventry launches new fixed rate savings bond

Coventry Building Society is launching a new fixed rate savings bond on Friday 25 July.

Key features are:

Guaranteed rate of interest - fixed at 6.80% (AER/gross pa) until 31 August 2009
Minimum investment £1 (maximum £250,000)
Monthly income option - 6.55% gross pa (6.75% AER)
Available for a limited period

Rachel Haworth, head of marketing at the Coventry said: "In the current market conditions a competitive fixed rate bond from the Coventry, a leading building society, offers great value and peace of mind to customers seeking a guaranteed return and a secure home for their savings."

For more information, visit thecoventry.co.uk