The Conventry JBond1

The Coventry Building Society have just released two great new ways to save. The www.theconventry.co.uk/jbond1 offer lets you pick from two different fixed terms, witha bigger interest rate the longer you leave your cash invested.

The www.theconventry.co.uk/jbond1 deal has a fixed 4.15% AER until 30th April 2014 and a fixed rate of 4.75% for investments until 30th April 2016. You can invest from £1 to £250,000 and these rates can be withdrawn for new business at any time.

The 4.15% bond has no withdrawals or early closures so only invest your money if you can afford to have your moeny tied up until the 30th April 2014. The 4.75% fixed rate bond does allow withdrawals, but you’ll lose 180 days interest as a penalty. With this in mind, you should only open this account if you can tie up your cash for the duration as the taking money out  reduces the amount you’ll make from this account.

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Please note that this review does not constitute financial advice or endorsement of the product under review. The rates or products may have been changed or withdrawn since the review was written.