Your eligible deposits with Coventry Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
In exchange for putting away your savings until the end of December 2020, we’ll pay you a competitive fixed rate of interest, so you’ll know exactly what you’re earning until 31 December 2020. And by opening a Poppy Bond (99) you’ll be helping us to help The Royal British Legion.
(Fixed until 31.12.2020)
(Fixed until 31.12.2020)
|Balance||AER*/Gross p.a.||AER*||Gross p.a.|
The interest rate is fixed until 31.12.2020.
We calculate the interest daily and pay it annually (either into this account or to another suitable account) at the end of 31 December, or monthly (to another suitable account only) at the end of the last day of each month.
The interest rate is fixed.
No matter what happens to interest rates generally, we won’t change the rate until the account matures at the end of 31 December 2020.
This would be the balance after 38 months if £1,000 was paid in on 1 November 2017, interest is added annually to the account and no other money was taken out or paid in during the year.
This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances.
How to open and manage
How to pay in
After you've opened the account, we won't contact you to let you know when it closes to new investors. To find out if its still available, please contact us.
This is a no access bond. After the 14 day ‘cooling off period’, you can’t make withdrawals (including any interest paid into the account) before 31 December 2020.
What happens when the account matures?
Our donation to The Royal British Legion (Registered Charity no. 219279) will be equal to 0.15% of the total balances invested in Poppy Bond (99) 31.12.2020 as at the end of business on 31 January 2018.
We pay your interest gross. The gross rate is the interest payable before the deduction of tax.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
For full details, please see the Specific Terms for Poppy Bond (99) and our General Investment Terms and Conditions.
If you change your mind
You have a 14 day ‘cooling off period’ after you open a Poppy Bond (99).
If you wish, you may change your mind and take some money out, or close the bond within 14 days without notice, charge or loss of interest. To close the account, ask us at any branch, call us on 0800 121 8899 or write to us at: Head Office, Economic House, PO Box 9, High Street, Coventry CV1 5QN.
Not sure what to do?
We’re keen to help you make the right choice – have a chat with our specialists at any branch or by calling 0800 121 8899.
If you’re not happy with our service
Please let us know. We sort out most problems fairly and quickly. If you’re still not satisfied when we’ve finished our complaints procedure, you can take your complaint to the Financial Ombudsman Service. For more information about the Ombudsman Service, visit their website: financial-ombudsman.org.uk
We believe in being open and honest. We want you to make an informed choice. That’s why we've built this tool to help you compare our accounts with other providers.
This tool uses the latest data from moneyfacts.co.uk, an independent comparison service. Moneyfacts aim to include at least 95% of providers of UK-based personal savings accounts.
What’s missing? Our tool omits any accounts with special conditions for opening (for example, you have to already hold an account with the provider).
Remember: there’s more to a savings account than just the interest rate. You can compare access terms, how to pay in and other criteria – then make your own mind up.
Coventry Building Society is not responsible for the accuracy of the data. This tool doesn't provide any recommendation or advice. Full terms and conditions relating to each product listed are available from the relevant provider. We don't receive a commission, incentive or other form of remuneration from Moneyfacts or any other provider.