Coventry increases rate on 50 Plus eSave account

Coventry Building Society is increasing the rate on its 50 Plus eSave account with effect from Friday 16 May.

The 50 Plus eSave account will pay a competitive rate of 6.10% (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, which is exclusive for the over 50s, is opened and operated online, with a minimum investment of £1.

New customers wishing to apply should visit thecoventry.co.uk. Existing customers with a 50 Plus eSave account will also benefit from the increased rate.