West Bromwich BS new notice account - Savings - News - Moneyfacts


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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!