Coventry BS has poppy appeal for savers - Savings - News - Moneyfacts

News

Coventry BS has poppy appeal for savers

Coventry BS has poppy appeal for savers

Category: Savings

Updated: 11/11/2011
First Published: 11/11/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Coventry BS continues to show its support for the Royal British Legion with the launch of a market-leading no notice savings account.

Not only does the Poppy Online Saver account pay a top rate of 3.15% (3.11% monthly), a donation of 0.05% of its average balance for each 12 month period is made to The Royal British Legion.

Savers are permitted to make four penalty free withdrawals each year, with a 50 day interest penalty being applied to any subsequent withdrawals.

The minimum investment required is a £1, while all transactions have to be carried out online.

It must also be noted that the rate includes a 1.15% AER bonus for the first year, so reviewing the account's competitiveness in a year's time is a must.

An excellent rate and an excellent cause, this account fully deserves the maximum five out of five Moneyfacts stars.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.
 
Close