Coventry bonds provide 'financial certainty'

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Coventry bonds provide 'financial certainty'

Coventry Building Society is today launching a fixed-rate savings bond for savvy consumers to benefit from.

Requiring a minimum investment of £1,000, the Coventry bond possesses a competitive rate of 6.15 per cent, which will be fixed until May 31st 2008.

Enabling a maximum investment of £250,000, the Coventry bond also affords customers the opportunity to enjoy a monthly income option, paying at a rate of 5.94 per cent gross.

Colin Franklin, head of sales at Coventry, said the new bond would prove popular with consumers "looking for a top rate of return on their savings".

He added: "A monthly interest option is available for those who rely on their savings for income and want the certainty that their interest rate will not change."

Those people interested in the Coventry bond should visit their local branch, visit the group's website or contact the society by telephone.

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