Independent Financial Life Planners Bishop's Stortford: Poppy Bonds

Monday, 16 November 2015

Poppy Bonds

The poppy Bond is a way of saving and giving at the same time. The Coventry has continued its tradition of Poppy Bonds, supporting the Royal British Legion by issuing fixed rate bonds that donate a stated percentage of the total amount invested to the charity. The society says it has donated millions of pounds to the Legion's Poppy Appeal. The three-year fixed-rate bond has been available from October 23 and is only available for limited amount of time.

Coventry Building Societies’ latest Poppy Bond pays 2.35pc fixed until 2018 plus 0.15pc to The Royal British Legion which is less than the market leading rate, but customers have the bonus of donating to a worthy cause. The building society makes a donation to The Royal British Legion on overall bond balances as of December 31 2015. Since it launched this range in 2008 the Coventry Building Society has so far donated £12m to The Royal British Legion.

The account can be opened with £1 and the maximum investment is £250,000. The Poppy Bond is a no access account which means savers cannot touch their money for the three year term. The latest Poppy Bond pays a fair bit less than the market leading fixed rate bonds however, it’s still a competitive rate and savers have the added bonus of donating to a charitable cause. If you like to give as you save Enable’s experienced IFA’s in Bishop’s Stortford can help you find a bond that could work for you.

Issued by: Enable Independent Financial Life Planners  25c North Street, Bishops Stortford, Herts CM23 2LD  • Telephone: 01279 755950 - Fax: 01279 657339  Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

Source - Moneywise

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