Product category:
Mortgages / Housing
News Release from: Moneysupermarket.com | Subject: Mortgages
Edited by the Insidemoneytalk Editorial
Team on 29 February 2008
moneysupermarket.com comments on the
relaunch of
Coventry Building Society's 50 Plus Esave account offering 6.4 per cent
Commenting on the relaunch of Coventry Building Society's 50 Plus Esave account offering 6.4 per cent, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "There have been some murmurings of late that the over 50s generally get a raw deal when it comes to financial products, and that can be true much of the time "However Coventry Building Society has re-entered the easy access savings market with a 6.4 per cent offer which, unlike other rates in this sector, is fixed for 12 months, making this a unique proposition
This article was originally published on Insidemoneytalk on 28 Mar 2007 at 8.00am (UK)
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Has Nationwide got a crystal ball?
Commenting on the Nationwide's 25-year new fixed rate mortgage, Louise Cuming, head of mortgages at price comparison website moneysupermarket.com, said:
Only Northern Rock beats Coventry in numerical terms, but the fact Coventry offer savers a fixed interest rate with unlimited access to their funds is the deal-breaker.
"This is definitely a factor savers should consider at a time when the base rate may well see further cuts.
We normally see reduced rates on a variety of easy access accounts as a result of a rate cut, so the fact Coventry is bucking this trend is a real bonus to any silver surfers out there.".
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