West Bromwich BS is in the news again, this time with the launch of a fixed rate bond which is guaranteed for three years.
The bond, launched on 14 January and maturing 31 December 2011, is available if you have a minimum of £500 to a maximum of £1m (or £2m for joint accounts) to invest. It pays 4.00% interest per year.
Our tip: In order to offer this headline rate, there is no flexibility for making additional investments or for withdrawals, so be sure that you are happy to lock your money away for the entire term.
We like the reasonably low minimum investment of £500 and the interest offered is one of the highest for a three year bond on the market, earning it four out of five Moneyfacts stars
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