Coventry Building Society has extended its range of savings products with the launch of two market leading accounts .
The first is Telephone Saver, an easy access over-the-phone account that offers savers a table-topping interest rate of 3.25 per cent, which is nearly seven times the current base rate and includes a 1.25 per cent bonus for the first 12 months.
The account can be opened with a deposit of £500 and the maximum amount that can be invested is £250,000. Unlimited withdrawals are permitted or a minimum of £500 ad minimum deposits can be made into the account until 31 October 2012.
The second new product from Coventry BS is a short term bond that pays savers a fixed rate of 3.65 per cent on a minimum £1 up to a maximum of £250,000 until December 2013. But because it is a fixed-rate deal, it does not allow funds to be withdrawn until the end of the term.
Colin Franklin sales and marketing director at Coventry Building Society, said: “We are delighted to be launching two great savings accounts, both best buys in their respective markets.”
“Whether savers are looking for a great, telephone based, easy access account or a best buy fixed rate bond, there is something for everyone at the Coventry.”
