Coventry Building Society has launched a new savings bond.
Designed to reward long-term customers for their time with the society, the new fixed-rate loyalty savings bond will only be available for those with at least five years' association.
The savings option offers 5.9 per cent interest to investors, allowing a maximum deposit of £5,000 or £10,000 for joint accounts.
Additionally, a monthly interest option is available for savers who require an income, but this has a reduced rate of interest at 5.7 per cent.
David Stewart, chief executive of Coventry Building Society, commented: "We are always looking for ways to put our members first and this fixed-rate savings bond is another way to ensure established customers continue to be rewarded for their commitment to the society."
He added that the society was "constantly striving" to offer benefits to its members.
Coventry Building Society offers a number of savings accounts to its members, including specialist packages for children, families and the over 60s.
In addition to savings accounts, the society also offers a number of financial services, including mortgages, personal loans and insurance.
New savings bond from Coventry
New savings bond from Coventry
Thu, 07 Dec 2006
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