moneysupermarket.com: Coventry Building Society Poppy Bond

Commenting on the launch of the Coventry Building Societies' Poppy Bond, Kevin Mountford, head of banking at moneysupermarket.com, said: "Generally affinity savings accounts, particularly charity related ones, come in for criticism. The rates offered are often poor and charities could be better served if savers put their money in higher earning accounts elsewhere and donate the interest earned directly to their charity of choice.

"However, the Coventry Building Society has struck the right balance providing a competitive rate with a generous contribution to a worthwhile cause. Fixed savings rates are starting to fall and anyone thinking about locking in for a while until the market settles down might want to consider this deal."