West Brom Building Society has launched the Direct Bonus Account 6 paying a market-leading rate to savers with minimum investments of £10,000.
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.
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.
This account should appeal to savers looking for a competitive variable rate with the convenience of short-term access to their money. Five out of five Moneyfacts Stars have been awarded.
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