New prize saving account launched offering £500 – how does it compare?

SAVVY savers could be in with a chance of winning up to £500 each month with a new savings account which is available from today.

Coventry Building Society has launched the “Sunny Day Saver”, a regular savings account with an interest rate of 6.25%.

A regular savings account lets you put aside money up to a set amount each month for a certain period, which is usually a year.