The Coventry re-launch 50 Plus eSave

From Friday 25 April, the Coventry will re-launch 50 Plus eSave, its online savings account exclusively for the over 50's.

Rachel Haworth, Head of Marketing at the Coventry comments: "With three base rate reductions in the past five months, and with many commentators expecting even further cuts, savers should guarantee their return with 50 Plus eSave. With a rate fixed at 0.80% above the current Bank of England Base Rate, customers also benefit from the flexibility of unlimited deposits and penalty free withdrawals."

The account will pay a best buy rate of 5.80% (AER/gross pa) which is fixed for 12 months from the date of individual account opening. Unlike many other fixed rate accounts, the Coventry's 50 Plus eSave allows unlimited, penalty free access. The account is opened and operated online, with a minimum investment of £1.

Customers wishing to apply should visit thecoventry.co.uk.