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 £1, and can make unlimited, penalty-free withdrawals and deposits.

The maximum balance is £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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