Coventry launches new Sixty-Plus Notice account

To complement its very successful Sixty-Plus range of accounts, Coventry Building Society is launching a new Sixty-Plus Notice account with immediate effect.

The new account offers a rate of 5.85% variable (AER/gross pa) from 1 February, with a guarantee to at least equal the Bank of England Base Rate to 30 June 2008. In addition, it includes a 0.60% AER bonus for the first year from account opening.

The account requires a minimum £10,000 investment and allows unlimited deposits, up to a maximum of £250,000. Penalty free withdrawals are permitted with 60 days’ notice.

Colin Franklin, Head of Sales, comments: “We are pleased to enhance our range of Sixty-Plus accounts. This demonstrates our commitment to give long term value in the form of a guarantee. We know that our older generation customers are really keen on this type of account and, for those who have larger balances available and are able to put their money away for longer, this will offer them even more choice.”