This is the latest addition to the Poppy range which has helped to raise over £10 million for The Royal British Legion since 2008.
Available from today, the centenary Poppy Bond is a fixed rate, no access savings bond paying a competitive rate of 2.40% AER/gross p.a. until 31 December 2017. In addition Coventry Building Society will make a donation to The Royal British Legion equal to 0.15% of the total balances invested in the Centenary Poppy Bond on 31 December 2014.
Mark Parsons, Chief Executive of the Coventry, said:
"We’re proud that we’ve donated £10 million so far to The Royal British Legion. And with our members’ support in this special centenary year, we’ll be able to donate even more.’
"This year we're offering savers a Centenary Poppy Bond, a three-year bond with a competitive fixed rate of interest. It’s simple; the more our members save in this bond, the more we’ll donate to the Legion."
The Royal British Legion’s Director of Fundraising Charles Byrne said:
'We’re extremely proud of our award-winning partnership with Coventry Building Society. We are delighted that they’ve raised over £10m since 2008 through their Poppy products and other fundraising activities. This is a landmark occasion to celebrate our partnership and a huge achievement for Coventry Building Society."
