Coventry Building Society launches new account issue

Coventry Building Society has launched the fourth issue of its popular 1st Class Postal account.

The account offers variable-rate, easy-access postal savings with a best-buy return of 3.15 per cent AER.

Consumers seeking the best savings rates can make up to four withdrawals per year without penalty.

Rachel Haworth, head of marketing at the Coventry, said the organisation was "delighted" to be launching the new issue.

"With the Bank base rate still at an unprecedented low level, savers will be looking for the best possible return on their funds without having to sacrifice access," she added.

"Our 1st Class Postal is the perfect solution, we predict it will be very popular so savers should act quickly to avoid missing out."

Earlier this week, Birmingham Midshires reported that UK consumers are saving on average 136 per cent more than at the same time last year.

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2010-02-02 13:06:52 © Moneyextra.com