Market Leading Savings Account From The Coventry Building Society

Published: 29 January 2010 By MoneyHighStreet Staff Leave a Comment
Updated: 29 January 2010

The Coventry Building Society 1st Class Postal savings account fourth issue has been launched with a market leading interest rate.

1st Class Postal savings accountFor savers looking to invest money this year, this savings account offers the flexibility of easy postal access. Up to 4 penalty-free withdrawals can be made a year. Any additional withdrawals are subject to a charge equal to 50 days’ interest on the amount withdrawn.

The interest rate is 3.15% AER/Gross p.a. which includes a 1.15% AER bonus during the first year of investment.

The minimum investment is £1,000 and the maximum £250,000. Deposits can be made by cheque, BACS, standing order or internal transfer.

Rachel Haworth, Head of Marketing at the Coventry, said:  “Our 1st Class Postal is the perfect solution, and this latest issue has been accredited with a Five Star rating from Moneyfacts.  We predict it will be very popular so savers should act quickly to avoid missing out.”

Customers can apply at a branch, via the phone or online on the Coventry website.

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