You could make your money go further with a Coventry Building Society fixed rate bond. With fixed rate bonds, you can invest from as little as £1 and sit back while your savings pot grows with a guaranteed interest rate. We don't currently offer any Coventry Building Society fixed rate bonds, but in the tables below you can find a wide choice of deals from other leading providers, whether you're looking for short, medium or long term bonds:
Features of Coventry Building Society fixed rate bonds can include:
- You cannot make any withdrawals or close the account before a set date
- Fixed rates and returns
- Manage your account online, in branch, over the phone or by post
Even though you can't apply for a Coventry Building Society fixed rate bond, you can compare other leading bonds on offer online with our simple service. Compare interest rates and terms and decide which the best deal is for you - just check the tables and click on the links for more information.
As a fixed rate bond usually requires you to lock away your savings for a set period of time it is worth considering if an alternative plan might be a better option for you beforehand.
Alternative options to fixed rate bonds
- Tracker Bonds – Trackers are a different type of bond, while you still lock your savings in the bond for a fixed period of time the actual rate of interest you receive may change over the course of the bond. This is because the rate of interest on the bond is linked to the Base Rate set by The Bank of England. This means that your rate of interest may improve or worsen as a result of changes in the Base Rate, meaning you could earn more or less.
- Instant access savers – Instant access savings account usually offer a lower rate of interest than savings bonds, but they do have the advantage that you can make a withdrawal whenever you like without incurring a penalty
- Structured Deposits – Structured deposits similarly to bonds do not allow you to make withdrawals once set up. Structured deposits normally offer higher potential interest returns than bonds, but your interest return is not guaranteed. Most structured deposits are linked to an Index or Indices, such as the FTSE 100. This means you will get your original deposit plus the interest return if the index performs in a certain way as set out in the plan, if the index does not perform in that way then you will only receive your original sum back.