West Brom BS launches new saving account | Product News - Moneyfacts

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West Brom BS launches new saving account

West Brom BS launches new saving account

Category: Savings
Date: 16/09/2014

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 It is now over 6 months old so the content may be out of date.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 Brom Building Society has unveiled a brand new no notice saving account, which has stormed straight into the top 10 in our best buy charts.

The basics…

Limited Access Saver offers a variable rate of 1.40% yearly (1.39% monthly) provided no more than six withdrawals are made per account year (to 31 March). For seven withdrawals or more, a lower rate of 0.50% will be paid.

The finer details…

This account can be opened and operated in branch with a minimum investment of £1.

Further additions are welcomed, no notice is required to access funds and up to six withdrawals can be made per year without any penalty or drop in rates. If necessary, savers do have the option of making more withdrawals, but this will result in a lower rate of 0.50% being paid for the remainder of the year.

Why we like it…

This account offers a highly competitive rate, which has secured its place towards the top of the easy access sector. This is likely to prove to be very attractive to investors. There is also a monthly option available, which offers some flexibility to savers who want a more regular income. However, investors will need to plan any intended withdrawals, as more than six a year will result in a lower interest rate being paid.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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