Coventry Building Society's new Sixty-Plus PostSave account pays customers over 60 a market-leading rate of 6.60% (AER/gross pa), which includes a 0.85% AER bonus for the first year.  It also offers a long-term guarantee that the AERs will be at least 0.25% above the Bank of England Base Rate until 31 March 2010.

Rachel Haworth, Head of Marketing at the Coventry said: “As an award-winning provider of savings products specifically for the older generation, this postal account is a natural extension to our range.  It gives customers even more options to choose from when they save with the Coventry.

“Although internet banking has grown in popularity, our feedback is that there are still a large number of savers who don’t want to manage their finances online.  A postal account from a trustworthy and reliable organisation like the Coventry will be just what many people are looking for.

“At a time when people are seriously considering the best place for their savings, the Coventry offers long term value and security.  With over one million savers investing with us, we are well positioned to remain a strong, secure independent building society.”

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