View Image

A major building society has launched two savings accounts, as savers have been reminded to "protect up to £20,000 from tax".

These are 4 Access Saver and 5 Access ISA accounts from Coventry Building Society, both providing variable returns with interest rates of 4.30 per cent and 4.15 per cent, respectively.

A significant bonus of these accounts is their penalty-free withdrawals, with the building society allowing several to be made annually.

Within the first 12 months, savers can withdraw four times cost-free, with deposits of up to £1 million allowed.

If further withdrawals are made, a penalty equivalent to 50 days' worth of interest is given.

Bethaney Cozens, the savings product manager at Coventry Building Society, said: "The extra flexibility of our 5 Access ISA make

See Full Page