LONDON, UNITED KINGDOM — (Marketwire) — 04/05/12 — Coventry Building Society has launched the following best buy variable rate available from Thursday 5th April for the new tax year;
60 Day Notice ISA paying 3.25% AER/tax free p.a.:
Junior ISA paying 3.25% AER/tax free p.a.:
Colin Franklin, Sales and Marketing Director at Coventry Building Society, said: “Savers need to make sure their savings are working as hard as possible, not just now but in the future too. This can be difficult when many of the current best buy include a bonus of 2.00 per cent or more, leaving the saver with an underlying rate as low as 0.50 per cent. Our 60 Day Notice is different. Not only does the account have one of the smallest bonuses on the market at only 0.50 per cent, leaving a highly competitive rate of 2.75 per cent, but savers will also benefit from a guarantee that the rate will be at least 3.25 per cent until 5th April 2013. Savers have the security of a -fixed rate- with the added benefit that their rate could increase if the base rate goes up.
In addition to our market leading 60 Day Cash ISA, we are delighted to launch our new best buy Junior Cash ISA – a great way to build up a nest egg for the future. With a best buy rate of 3.25 per cent young savers can enjoy the benefit of a account from investing as little as GBP 1. With no withdrawals permitted until the age of 18, this is an ideal way to save up for future expenses such as university costs, gap year travelling or to put towards a deposit for a first home”.
Customers can apply by calling the Customer Service Centre on 0845 7665522, visiting any branch of the Coventry or online at
Notes to Editors
Coventry Building Society is the third largest building society in the UK with assets exceeding GBP 24.4 billion.
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