Coventry Building Society increases interest rates across saving accounts | Personal Finance | Finance

Ian Biggs, head of product performance at Coventry Building Society, outlined why the financial institution is opting to boost returns for savers during this turbulent economic period.

He explained: “This will be the tenth time we’re increasing our variable savings rates since the start of last year.

“We continually review all our savings range having already increased the rate on our online Limited Access Saver earlier this week.

“And from early next month, we’ll be offering rate increases to 99 percent of variable balances which will be a welcome boost for new savers and those that have been with us a long time.”