Coventry's 50 Plus eSave remains fixed at 6.25%

Coventry Building Society, the fourth largest building society in the UK, has launched a new issue of its best buy 50 Plus eSave account.

The highly competitive rate of 6.25% (AER/gross pa) is fixed for 12 months and unlike many other fixed rate accounts, the Coventry's 50 Plus eSave allows unlimited, penalty free access.

Rachel Haworth, head of marketing at the Coventry comments: "With many commentators expecting interest rates to fall, now is a good time to fix into a great rate and have penalty free instant access 24/7."

The account, which is exclusive for the over 50s, is opened and operated online, with a minimum investment of £1.

Customers wishing to apply should visit thecoventry.co.uk