Coventry launches top rate Sixty-Plus internet account

Coventry Building Society launches an exciting addition to its highly successful Sixty-Plus range of savings accounts – a new easy access, online account exclusively for the over 60s.

The new Sixty-Plus eSave account not only offers a best buy rate of 6.20% (gross pa), fixed until 31 March 2008, but also allows easy penalty free access. The account is opened and operated online and the minimum investment is £1 (maximum £250,000).

2007 marks the 10th anniversary of online banking. According to APACS, the UK payments association, last year there were a record 18.1 million Britons using this service and today, half of all internet users in the UK bank online.

Colin Franklin, Head of Sales at the Coventry comments: “As the provider of the widest range of savings products specifically for the over 60s, and with one third of our own online customers aged 60 or over, our experience shows that this age group are more than happy to deal with their finances online.

“We also recognise that customers like the security of a fixed rate which we are offering through to March next year, but with the added benefit that they can get access to their savings whenever they want. We believe this combination will prove to be extremely popular in this growing market.”