Coventry Building Society launches Poppy ISA and bond
The accounts both pay a fixed rate of interest of 0.85%, in support of The Royal British Legion.
The Poppy Fixed ISA (3) is fixed at 0.85% AER until 30 November 2023, while the Poppy Bond (154) is fixed at 0.85% AER until 31 December 2023.
Coventry Building Society will donate 0.15% of the balances invested in these accounts as at 31 December this year to The Royal British Legion.
The society has donated more than £18.5m to the Royal British Legion since 2008 as a result of money saved in its Poppy accounts.
The Poppy Fixed ISA (3) will accept current and previous years’ ISA savings. And for savers who already have their ISAs sorted, the Poppy Bond (154) can hold up to £250,000 of their savings.
Accounts can be opened over the phone, online, by post or in branch with just £1.
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, said: “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.”