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Coventry BS launches Poppy Bond

Coventry BS launches Poppy Bond

Category: Savings

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

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 It is now over 6 months old so the content may be out of date.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

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