How a new 4% interest savings account compares to a Lifetime Isa for first-time buyers

📆 2/21/2023 5:27 PM
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The mutual's First Home Saver account will allow savers to put away £1,000 every month for up to three years

Coventry Building Society has launched a savings product aimed at first-time buyers which pays 4 per cent interest toThe First Home Saver account will allow savers to put away £1,000 every month for up to three years.

The account also pays a £500 bonus in cash if, after at least six months of saving, the account holder buys their first home using a Coventry Building Society Mortgage.

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