Earn 4% for three years with West Bromwich BS - Savings - News - Moneyfacts


Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Earn 4% for three years with West Bromwich BS

Earn 4% for three years with West Bromwich BS

Category: Savings

Updated: 16/01/2009
First Published: 15/01/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.