The Coventry launches 4.25% bond

The Coventry launches 4.25% bond

The Coventry Building Society has launched a new 30-month fixed-rate bond paying interest at 4.25%.

Savers can open the bond with an investment of between A?1 and A?250,000, and can choose between monthly and yearly interest payments.

No money can be withdrawn from the bond until it matures in August 2012.

The bonds are available online, over the phone, or in branches of the Coventry.

Rachel Haworth, spokesperson for the Coventry Building Society, said: “Everyone wants the best return possible on their savings and we are confident that our new fixed bond with a highly competitive rate of 4.25 per cent will be very popular.”

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