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

West Brom BS storms no-notice market 02nd April 2013

West Brom Building Society has launched the Direct Bonus Account 6 paying a market-leading rate to savers with minimum investments of £10,000.

The basics…This deal pays an annual rate of 2.05% including a bonus of 0.55% until 31.5.14. A monthly rate of 2.03% with an introductory bonus of 0.54% to 31.5.14 is also available.

The finer details….No advance notice is needed to access funds, although a 90-day loss of interest penalty will apply to savers who make more than the four withdrawals per year. The account is available to savers aged 16 and over and can be operated by telephone and post.


Sainsbury’s Bank issues five-year bond 02nd April 2013

Sainsbury's Bank has launched a highly competitive five-year bond available to savers with deposits of £5,000.

The basics…This deal pays a rate of 2.50% on its anniversary and on a monthly basis.

The finer details….Investments range between £5,000 and £50,000. Further additions and early access are not permitted. The account can be operated by savers aged 18 and over by telephone or online.


Skipton BS makes decisive five-year ISA move 28th March 2013

The basics…Both the Five Year Fixed Rate ISA and its online equivalent are now paying 3.00% yearly (2.96% monthly) to savers with the necessary minimum deposit of £500.

The finer details…The non-internet version of the bond must be opened in branch, but can then be operated either in branch or over the phone. Both versions of the account allow additional investments to be made while the issue remains open and permit funds to be accessed early, albeit on closure of the account and the loss of 240 days' interest.


Stellar easy access savings from Manchester BS 27th March 2013

The basics…Platinum Easy Access requires savers to invest a minimum of £1,000 up to a maximum of £50,000.

The account can be opened and operated by post or in branch.

The finer details….Savers must remember that withdrawals are restricted to six per year.


krbs increases two-year bond rate 26th March 2013

An increase in its rate of 0.36% has seen krbs Two Year Fixed Rate climb up the short-term fixed rate chart.

The basics…This bond now pays 2.46% yearly (2.43% monthly) to savers who can meet the minimum deposit requirement of £1,000.

The finer details…This branch and postal-operated account allows early access to funds on the loss of 180 days' interest. It does not, however, permit additional investments.


Shawbrook Bank boosts 1-year bond rate 22nd March 2013

A rate increase of 0.15% has seen Shawbrook Bank 1 Year Fixed Rate Bond Issue 8 accelerate to the top of the one-year fixed-rate bond market.

The basics…This bond pays a very competitive rate of 2.25% upon maturity to savers with investments between £5,000 and £2 million.

The finer details…Further additions can be made whilst the issue is open, although access to funds is not permitted during the term. The account is available to savers aged 18 and over and can be operated by post or telephone.


Cambridge & Counties expands business range 15th March 2013

Cambridge & Counties Bank has launched the 95 Day Notice Business Savings Account Issue 1, paying competitive rates of return on an annual and monthly basis.

The basics…This account pays a yearly rate of 1.95% for investments between £10,000 and £1 million. A monthly rate of 1.93% is also available.

The finer details….Investors must give 95 days' advance notice prior to accessing funds and early access is not permitted. All withdrawals must be made via a nominated current account. This account can be operated by post only.


Vanquis Bank issues three-year High Yield bond 15th March 2013

The latest High Yield bond has been released by Vanquis Bank, available to online investors with deposits between £1,000 and £250,000.

The basics…A rate of 2.56% is paid on this deal's anniversary, whilst those looking for a monthly interest rate will receive 2.53%.

The finer details….Further additions and early access are not permitted, so savers must be willing to lock their money away for the three-year period. The account is available to savers aged 18 and over.


Julian Hodge Bank ups business bond rate 12th March 2013

Julian Hodge Bank has increased the rate on its one-year Capital Millennium Bond business investment by 0.60%.


Manchester BS launches 60-day notice account 05th March 2013

Manchester Building Society has released the Platinum Notice Issue 4 account available to savers with deposits between £1,000 and £75,000.

The basics…This account pays a variable annual rate of 2.01%

The finer details….Up to six withdrawals are allowed per calendar year, with advance notice of 60 days' required prior to accessing funds. Early access is not permitted.

The account is available to savers aged 18 and over and can be operated in branch or by post.


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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.