Coventry Building Society has launched a new savings account designed specifically to cater to the needs of the silver surfer generation.
The savings account, which can be opened and operated via the web, is only available to Britons over the age of 60 and features a fixed rate of interest set at 6.4 per cent until June 30th 2008.
Additionally, Coventry claims that those Britons who choose to place their savings in one of these Sixty-Plus eSave accounts will also receive the benefits of easy access without penalties.
The minimum investment required to open an account is £1, although those with deeper pockets can deposit up to a maximum of £250,000.
However, Britons interested in taking advantage of the new savings account may wish to act quickly, as the deal opened to consumers on June 29th and Coventry Building Society claims that there is a limited availability.
Savings accounts can help Britons to deal with unexpected financial losses or bills and can therefore prevent the necessity of turning to credit cards or personal loans in times of difficulty.
Coventry offers savings for silver surfers
Coventry offers savings for silver surfers
Fri, 29 Jun 2007
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