Save, not spend, with the Coventry

Coventry Building Society launches Online Saver, a market leading, easy access, savings account that’s opened and operated online.

Key features

Current interest rate - 6.51% AER/gross pa (variable)
AER guaranteed to at least equal Bank of England Base Rate until 31 December 2009
In addition, rate includes a bonus of at least 0.50% AER until 31 December 2008 (currently 0.76%)
Minimum investment £1 (maximum £250,000)
Monthly interest option
Unlimited withdrawals 24/7 incur a charge equal to 30 days’ interest, but only on amount withdrawn; remaining balance continues to earn market leading rate of interest

Rachel Haworth, Head of Marketing at the Coventry comments: “This new account is ideal for disciplined savers who don’t dip in and out of their savings, but still want the reassurance of easy access ‘just in case’. Online Saver combines a market leading rate of interest, backed by a long term guarantee, with the convenience of online operation. In short, an account with highly competitive features which mean long term benefits for our savers.”

Further details of the Online Saver account are attached. Customers wishing to apply should log onto thecoventry.co.uk.