Coventry launches further Poppy Bond

Coventry Building Society has launched a short term Poppy Bond which will pay a highly competitive fixed rate of 3.11% (AER/gross pa) until 31 December 2011.

Colin Franklin, Sales and Marketing Director at the Coventry, said:  "Coventry has a reputation for listening to customers and being quick and responsive in meeting their needs.  With feedback suggesting that a shorter term version of our Poppy Bond would be welcomed, we felt that by extending the range we could help our members and maximise our support for the Poppy Appeal."

Coventry Building Society will make a donation of 0.10% of the total funds invested in the new Poppy Bond.  So far the Coventry has raised £3.8 million through its partnership with The Royal British Legion since its launch in 2008.

Both Poppy Bonds will only be available for a limited period so savers need to act now. Customers can apply for either Poppy Bond at thecoventry.co.uk.