Coventry Building Society launches new Poppy Bond
Published: 28 October 2009 By MoneyHighStreet Staff Leave a Comment
Coventry Building Society is today launching a highly competitive 2 year fixed rate savings bond, its second Poppy Bond in conjunction with the Royal British Legion.
The new fixed rate savings bond, the Poppy Bond, will pay 4.3% AER/gross pa until end December 2011.
As part of its partnership with the Royal British Legion (RBL), Coventry Building Society will donate 0.2% of the total funds invested in the Poppy Bond to the Poppy Appeal.
When first launched last year, the Poppy Bond raised £1.6 million for the RBL.
Colin Franklin of the Coventry said ‘Poppy Bond proved a compelling comabination when introduced last year.
This year, savers can again support the Royal British Legion knowing that they are receiving an excellent rate of interest.
The work of the Royal British Legion is as important and relevant now as it has ever been and we are hoping this new Poppy Bond will lead to another significant donation.’
You can apply for the Poppy Bond by phone or by visiting the Coventry Building Society website.
