Coventry Building Society has launched a new range of fixed rate savings bonds, it has been revealed.
Available from today, the savings bonds last for one, two and three years, with all of them offering an interest rate of 3.75 per cent.
Consumers can deposit between £1 and £250,000 in the savings bonds and a monthly interest option is available for those looking for a monthly income.
Rachel Haworth, head of marketing at Coventry, said: "With Bank base rate now reduced to one per cent and potential for even further cuts, these bonds represent tremendous value."
People will be able to benefit from a fixed rate savings bond over a term that is right for them, she added.
Yesterday, Chelsea Building Society announced that it has launched a range of saving accounts which help support grassroots initiatives in the sport of Rugby .
The mutual will donate a sum equivalent to 0.5 per cent of the balance of each savings account to the Rugby Football Union .
Coventry BS launches new savings accounts
Financial Services > Savings > Savings and Investments News
Coventry BS launches new savings accounts
Fri, 06 Feb 2009
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