Coventry Building Society Launches Poppy Accounts | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 04/11/2020

Coventry Building Society has launched two Poppy accounts, both paying 0.85% AER, to raise money for The Royal British Legion.

Its new Poppy Bond (154) 31.12.2023 and Poppy Fixed ISA (3) 30.11.2023 both have three-year fixed terms and require a £1 minimum deposit to open. Both accounts pay interest yearly and can be opened and managed online, in branch, by post and by phone.

With both accounts, Coventry Building Society will make a donation of the equivalent to 0.15% of the total balances invested as at 31 December 2020 to The Royal British Legion. Commenting on the launch of the Poppy accounts, Daniel McDonald, senior savings manager at Coventry Building Society, said: “Every poppy counts more than ever this year and Poppy account savers will be supporting such a worthwhile cause which provides life-long support to those in the Armed Forces community. For savers wanting to get a good return for their money and also make a difference, the Poppy accounts are a fantastic option.”

Claire Rowcliffe, director of fundraising at The Royal British Legion, added: “As we prepare for Poppy Appeal in a year like no other, we are very grateful to Coventry Building Society for our longstanding partnership which is now in its 12th year. The 2020 Poppy Appeal has had to adapt to the threat of Covid-19 and we’re delighted that people will be able to get their poppies from Coventry Building Society branches. We really appreciate the continued support of the many dedicated staff, volunteers and customers. Through products like the Poppy Bond and the Society’s fundraising efforts throughout the year, we can continue to support the Armed Forces Community and show that every poppy counts, as we continue to make a real difference to people’s lives, when they need it most, thank you.”

To find out more about these accounts and see all the deals available, visit our three year fixed rate bond and three year fixed rate ISA charts.

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