Coventry Building Society launches new postal saver

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Coventry Building Society launches new postal saver

Coventry Building Society has issued its fourth 1st Class Postal account, which offers holders easy access via the post.

Available from today (January 29th), the account has a variable rate, which offers a best-buy return on savings at a rate of 3.15 per cent AER/Gross per annum.

It is the second time this month that a 1st Class Postal account has been issued as part of the institution's popular range of products.

Consumers can apply for the account in a branch of the building society, over the phone or online, with a minimum investment of £1,000.

Each additional deposit is for £1,000, while a possible maximum of £250,000 can be paid into the account.

Rachel Haworth, head of marketing at the Coventry Building Society, said that as the Bank of England base rate remains low it is important for savers to get the most out of their money, but warned people to "act quickly to avoid missing out".

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