Coventry BS launches Remembrance Day savings bond

Thu, 29 Oct 2009

Those wishing to do more to support the work of the Royal British Legion may want to open a savings bond with Coventry Building Society .

As Remembrance Day (November 11th) approaches, the second issue of the Poppy Bond will offer customers a market-leading 4.30 per cent gross for two years and 0.2 per cent of all the savings in the account will be matched and sent to the Poppy Appeal.

The first issue of the savings bond raised £1.6 million for the Royal British Legion last year, supporting the 10.5 million people who have served or are currently serving in the Armed Forces, as well as those emotionally affected by the loss of a soldier.

Colin Franklin, sales and marketing director at the Coventry Building Society, said: "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."

Moneysupermarket.com recently urged those with fixed-rate savings bonds to switch to a different provider when the product reaches maturity, in order to avoid being moved onto a poor interest rate .
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