Best-buy fixed-rate bond unveiled by Coventry

Friday, 23 July 2010 12:00

Coventry Building Society has announced the launch of a new best-buy fixed-rate bond.

The offer has a 3.7 per cent AER/Gross per annum until August 31st 2012.

Savers will be able to invest any amount between £1 and £250,000 and have the option of monthly interest payments available to those wishing for a regular income from the investment.

Colin Franklin, sales and marketing director at the organisation, described the rate as "fantastic".

He remarked: "We expect our new bond to be very popular amongst savers."

Customers can apply for the bond via branches, by phone or on the internet, he added.

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