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Coventry Launches Market Leading Online Savings Account With Added Poppy Appeal
Date:6/24/2011

orporate Partner of the Year, continues to exceed our expectations. The Legion's support for wounded, injured and long-term sick Service personnel and a £50 million commitment to fund the operating costs of four Personnel Recovery Centres and the Battle Back Centre is helped enormously by the donations enabled by Coventry Building Society members.  I am extremely grateful for the support we receive from the Society and its membership."


Poppy Online Saver Annual interest Monthly interest AER/Gross pa Net equivalent pa AER Gross pa Net equivalent pa GBP1 - GBP250,000 3.10% 2.48% 3.10% 3.06% 2.45% - Variable interest rate of 3.10% AER - the rate includes a 1.10% AER bonus paid for the first year the account is open - In addition, the Coventry will make a donation to The Royal British Legion Poppy Appeal equal to 0.05% of the average balances held in the account for each 12 month period commencing 1 June. - Customers can apply and transact online - Minimum investment is GBP1 and maximum is GBP250,000 - Minimum age is 18 years - Interest is paid annually or monthly. - Interest can be added to the account or paid away. - Four withdrawals can be made in each 12 month period without penalty. Additional withdrawals are permitted but are subject to a charge equal to 50 days' interest on the amount withdrawn

Notes to Editors

  • Coventry Building Society is the third largest building society in the UK with assets exceeding £22 billion.
  • Coventry Building Society and The Royal British Legion were awarded Best Affinity Marketing at 2011 Business Charity Awards:For the use of a company's products or services to help a charity provide benefits
  • The Royal British Legion provides financial, social and emotional support to millions who have served or who are currently serving in the Armed Forces, as well as their dependents.  
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SOURCE Coventry Building Society
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