Coventry BS launches Poppy Bond - Savings - News - Moneyfacts

News

Coventry BS launches Poppy Bond

Coventry BS launches Poppy Bond

Category: Savings

Updated: 05/11/2010
First Published: 29/10/2010

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 It is now over 6 months old so the content may be out of date.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 has launched a new savings account that not only offers a cracking rate but donates money to the Royal British Legion.

The Poppy Bond is a fixed term account maturing on 30 April 2013 with a minimum investment of £500 paying 3.50% yearly (3.45% monthly).

No earlier access is permitted, although additions are permitted whist the issue remains open or for a period of seven days after the initial deposit whichever is the longer.

0.20% of total balances will be donated to the Royal British Legion.

It is good to see Coventry BS joining forces with the Royal British Legion again this year whilst also providing investors with a highly competitive medium term bond rate.

Following the recent austerity cuts announced by the government, investors may be even more tempted to support the poppy appeal this year especially as yet again they will benefit from one of the market leading rates.

Four out of five Moneyfacts stars have been awarded

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 Any products featured may be withdrawn by their provider or changed at any time.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