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Coventry Building Society offers high interest account

Coventry Building Society is launching a high interest savings account paying 6.05 per cent gross.

The CallSave Instant account offers investors instant access and a guarantee that the rate will not fall below this level until September 30, 2000.

The minimum investment is £5,000.

Coventry chief executive Martin Ritchley says: &#34The rate guarantee is a significant advantage over our competitors in what is the most aggressively priced segment of the savings market.&#34


Bank branches set for further decline

The telephone and internet will over take branches as the most popular place for banking within the next five years according to the Financial Times.The FT says a report from the Chartered Institute of Bankers, due out today, claims bank branches will rapidly decline with only 44 per cent of customers using the branch in […]

Norwich Union appoints head of international fixed income

Norwich Union Investment Management has appointed Colin Harte as head of its international fixed income team.Harte joins NU from Gartmore where he was principal and head of bond investment.He has extensive experience in this field having worked for Guardian Royal Exchange, Hill Samuel and Citibank before joining NatWest in 1994. He then moved to Gartmore […]

Find directory launches brochure request service

Financial services website is launching an on-line brochure request service linked to its site.The new service allows users of the internet directory to request product brochures directly from a number of different financial services by a simple e-mail request.The service also has several other enhancements including &#34website of the week&#34 featuring sites that are […]

Rechabite Friendly Society launches savings plan for teetotallers

The Rechabite Friendly Society is launching a five year single premium savings plan aimed at teetotallers.The plan guarantees to pay non-drinkers a guaranteed bonus of 7 per cent in the first year, for a minimum investment of £1,000.The traditional with-profits savings plan is available to December 31, to individuals who abstain from alcohol.Rechabite chief executive […]


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