Coventry Building Society: New bond

Coventry Building Society is offering savers with as little as £1 the chance to invest in its new fixed bond.

The savings plan, which offers a rate of 4.25 per cent AER until August 31st 2012, is hailed as an ideal option for customers who want a regular income from their investment.

This is because, as well as taking interest annually, customers can also opt to receive returns in monthly instalments.

Rachel Haworth, head of marketing at the Coventry, 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 with savers."

Savers can invest anything from £1 to £250,000. No access is allowed to the bond until maturity.

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