Coventry launches 3.25% 50-Plus eSave account

Coventry launches 3.25% 50-Plus eSave account

The Coventry Building Society this week relaunched is 50 Plus eSave account.

Available exclusively to savers over 50, the account pays interest at 3.25%, fixed for 12 months.

Savers can open the account with a minimum of A?1, and can make unlimited, penalty-free withdrawals and deposits.

The maximum balance is A?250,000, and account holders can choose to have interest paid monthly or annually.

The account can only be opened and managed online, and offers no in-branch access.

Rachel Haworth, Coventry’s head of marketing, said the account offers “the best of both worlds” with a competitive interest rate and easy access to savings.

Coventry is the UK’s fourth largest building society.

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