09 Oct 2017 There is further evidence that savers are starting to be offered better deals as the chance of a Bank of England base rate rise becomes more likely.
The latest snippet of positive news comes from Coventry Building Society which is giving both new and existing savers a boost by increasing the interest rate on its Fixed Rate ISA (49) from 1.80% to a market-leading 2.15% Tax-free p.a./AER.
The details are as follows:
Available for applications from today;
Fixed Rate ISA (49) 30.11.2022 paying 2.15% Tax-free p.a./AER
Available to new and existing customers.
Minimum balance is £1.
2017/18 ISA allowance and transfers of previous years’ ISA funds are permitted.
Partial withdrawals are not allowed. Closure is subject to a charge equal to 180 days’ interest.
Interest paid annually on 30 November (added or paid away).
This account can be operated in branch, by telephone, post, or online.
Darin Landon, Distribution Director at Coventry Building Society, said: “We’re delighted to increase the rate
on our Fixed Rate ISA (49) to offer a market-leading return for both new and existing savers. The Fixed
Rate ISA (49) is also open to transfers in of previous years’ ISA funds, to help savers make the most of
their tax-free ISA allowance”.
Customers can apply by calling the Customer Service Centre on 0800 121 8899, visiting any branch of the
Coventry or online at thecoventry.co.uk
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