Coventry launches Family Saver account

Coventry Building Society has launched a market leading easy access online savings account specifically for families.

Customers pay their child benefit directly into the Society's new Family Saver account, and in doing so unlock a great rate of 3% AER/Gross p.a for all the savings they deposit, up to £250,000.  As well as having their hard-earned cash work even harder for them, families keep control of their money with the flexibility of unlimited penalty - free withdrawals.

Colin Franklin, Sales and Marketing Director at Coventry Building Society said: "We know how expensive a family can be and, with recently announced proposed changes to child benefit, families need to make the most of their money. The Family Saver provides the flexibility of an easy access account whilst paying a market leading rate of 3.00% AER/Gross on deposits up to £250,000. So whether you are saving up for university fees, a family holiday or just looking for a good return on your rainy day money, the Family Saver account is ideal".

"What's more, should families lose their entitlement to child benefit in the future, they won't lose out on the Family Saver. As long as they've opened the account before losing their benefits, and maintain their monthly commitment, they can continue enjoying the flexibility, security and great value of this market leading account".                  

Customers can apply by visiting thecoventry.co.uk.