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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

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 It is now over 6 months old so the content may be out of date.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.

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 Any products featured may be withdrawn by their provider or changed at any time.