Fix it with West Bromwich BS - Savings - News - Moneyfacts


Fix it with West Bromwich BS

Fix it with West Bromwich BS

Category: Savings

Updated: 13/03/2009
First Published: 13/03/2009

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 It is now over 6 months old so the content may be out of date.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 has unveiled a new three year guaranteed bond that boasts a market leading rate.

The fixed term account matures on 30.4.12 and requires a minimum investment of £1K, paying 3.91% yearly. No early access or further additions to the account are permitted.

This product is highly competitive and it is encouraging to see West Bromwich BS bring a market leading account to the table. As is typical with a number of fixed rate bonds, no early access or further additions are allowed.

Potential investors are unlikely to be put off by this, but should act fast to take advantage of a bond that might not be around for too long in the current climate.

The product earns 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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.