West Bromwich BS new notice account - Savings - News | moneyfacts.co.uk


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.

West Bromwich BS new notice account

West Bromwich BS new notice account

Category: Savings

Updated: 18/12/2008
First Published: 18/12/2008

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 It is now over 6 months old so the content may be out of date.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 new 'High Income - Over 65's' 90 day notice account should prove popular if you're a saver of advancing years.

As the name suggests, the account is only open to those age 65 or over, and requires a minimum investment of £5,000.

It pays 4.75% monthly for investments up to the value of £99,999, but if you're able to put in more than £100,000, the rate rises to 5% monthly, one of the best around.

Interest on the account is paid monthly, so it's ideal if you're a pensioner relying on your savings to provide you with an income.

The option to withdraw funds on 90 days' notice or instantly subject to 90 days' loss of interest also adds to its appeal, helping the account to a rating of four out 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 Any products featured may be withdrawn by their provider or changed at any time.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.