Our Coventry 50 Plus eSave (4) account is part of our ongoing commitment to give great service and excellent products. And it's exclusive to anyone aged 50 or over. Quite simply, 50 Plus eSave (4) combines a great fixed rate of interest with easy penalty-free access to your savings online.
The rate of interest is fixed at 6.10% AER/gross p.a. for the first year from the date you open your account, after which the rate becomes variable. If you choose the monthly interest option the rate is 5.94% gross p.a., 6.10% AER. And we guarantee that for six months after the first anniversary, the AERs will equal the Bank of England Base Rate (currently 5.00%).
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- Fixed interest rate exclusive to those over 50
- 24/7 online access penalty-free
- Invest any amount between £1 and £250,000
- Annual and monthly interest options available
- Earn interest from the day of your deposit
- Apply online it's quick and easy
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Everything from applying to operating your 50 Plus eSave account is done online.
As soon as your account is opened we'll automatically arrange access to our Online Services for you. And if you don't already have passwords set-up we'll contact you by post to arrange for you to select them.
Then whenever you want to take out some money just log on and arrange a transfer to your nominated account, or to another Coventry account. Withdrawals cannot be made at a branch, by phone or by cheque.
You may only ever open one 50 Plus eSave account, either solely or jointly, regardless of however many issues there are. You may not open a 50 Plus eSave account if you have opened a Sixty-Plus eSave account.
*AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and added each year. The gross rate is the interest rate payable before the deduction of tax.