Grab a bonus with West Bromwich - Savings - News - Moneyfacts

News

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.

Grab a bonus with West Bromwich

Grab a bonus with West Bromwich

Category: Savings

Updated: 30/09/2009
First Published: 30/09/2009

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 launched a Branch Bonus Account which shoots straight to the top of the instant access table.

The account is an instant access, branch based product that pays a yearly rate of 3.75% (3.69% monthly) on a minimum investment of £100.

The rate includes a 1.00% bonus (0.97% for monthly option) until 31.8.10. Two withdrawals are permitted per annum with 1.05% paid on the third withdrawal. 0.05% is then paid until 1 April each year when rate returns to the headline rate. Money must be new to the institution.

This launch is good news for savers and while it is worth reviewing the account once the bonus period expires, the 2.75% should still prove competitive. Investors should be sure they can commit to funds as three or more withdrawals means a fairly tough penalty.

The account has been awarded 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 Any products featured may be withdrawn by their provider or changed at any time.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.
 
Close