Coventry BS increases Poppy Save rate - Savings - News |

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Coventry BS increases Poppy Save rate

Coventry BS increases Poppy Save rate

Category: Savings

Updated: 17/06/2009
First Published: 17/06/2009

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 It is now over 6 months old so the content may be out of date.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 increased the rate of its Poppy Save product by 0.50%, making it the leader in its field.

The no notice savings account now offers a yearly rate of 3.00% (2.96% monthly). For each 12 month period, 0.25% of the account's balance will be donated to the Royals British Legion's Poppy Appeal.

It should be noted that the market leading rate includes a 1.00% AER bonus for the first year. Investors are able to make four penalty free withdrawals per annum, with subsequent withdrawals subject to 50 days' loss of interest.

The Poppy Save should tempt investors with its leading rate and appeal to those who are keen to recognise the sterling work of the Royal British Legion and its worthy cause.

The product has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.