Coventry savings account offer more widely available

01 October 2007
Coventry Building Society has announced that its Sixty-Plus eSave account is being extended to people older than 50.

The savings account, called the 50 Plus eSave account, will pay a 12-month fixed-rate on 6.4 per cent annual equivalent rate (AER).

Unlimited, penalty-free access is allowed for holders of the online savings account, which can be opened with an investment of between £1 and £250,000.

Coventry head of marketing Rachel Haworth said the decision to offer the savings account to consumers over 50 was a "natural extension" of the financial services provider's offerings.

She added that at a time when many experts anticipate interest rates to fall, consumers will benefit from "the added security of the fixed-rate" offered by the account.

Ms Haworth suggested interested consumers move quickly to sign up for the 50 Plus eSave account: "The account will be available for a limited period only and I would urge savers to take up this opportunity without delay."

Commenting on the launch of the new account, head of savings Kevin Mountford said: "It is good to see Coventry taking another step in the right direction – at 6.4 per cent and with easy access, this is a market-leading deal alongside Bradford & Bingley's Internet Saver."

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