Customers can invest from GBP1 to GBP5,000 in the new members bond and also have the option to receive monthly income.
Rachel Haworth, head of marketing at the Coventry, said: We are always looking for ways to put our members first and this is one way we reward loyalty. Existing customers who have been with us for five years can take advantage of this limited offer and fix their savings at a highly competitive rate – particularly attractive at a time when many commentators are predicting further reductions in interest rates.
