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Coventry Building Society launches Centenary Poppy Bond

7th November 2014 Print

In the year marking 100 years since the start of the First World War, Coventry Building Society is delighted to announce the launch of the Centenary Poppy Bond.

This is the latest addition to the successful Poppy range which has helped to raise over £10 million for The Royal British Legion since 2008.

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.

The Centenary Poppy Bond will be available from Thursday 6 November 2014.

Every year since 2008 the Coventry has made a donation to The Royal British Legion based on how much members have saved in their Poppy accounts.

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. We’re really grateful to the Society for everything they’ve done for us over the past six years, and it was excellent to have a team of 27 cyclists from across the Society joining us on our annual Pedal to Paris bike ride.’

‘These funds help us to continue providing vital support to serving individuals, those who are moving or have moved back to civilian life, and importantly their families too. Our welfare services such as Battle Back Centre in Lilleshall show our commitment to support wounded and sick Service people. In addition, our Admiral Nurse Dementia Care services focus on giving patients a better quality of life, while providing practical support and advice for carers and families.'

Savers need to act now; the Centenary Poppy Bond will only be available for a limited period. To apply for a Centenary Poppy Bond, visit